Corporate Governance

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The Isle of Wight College of Further Education is an independent Corporation with exempt charity status formed under the Further and Higher Education Act 1992. The Instrument and Articles of Government set down its powers, membership, role and responsibilities. Most of the College’s provision is funded by the Skills Funding Agency (SFA), and the Instrument and Articles are supplemented by the Skills Funding Agency’s Financial Memorandum and Audit Code of Practice, as well as general law relating to employment, equality and diversity, health and safety.

Corporation is similar to a board of non-executive directors. The Isle of Wight College Corporation is made up of members from the business and local community, public sector and staff and students. The Principal is a ex-officio member and the only executive member. Corporation is accountable for the use of public funds and has a duty of care for the assets of the College. Corporation is advised by a Clerk who is independent of College management and has access to independent professional advice.

The College’s board of governors (“The Corporation”) has legal responsibility for the College. It comprises up to 19 members, including two members of staff and two students. The Principal is the sole executive member and she is responsible for operational management of the College. The full Corporation meets monthly and further work is done via four committees.

The main tasks of the Corporation are:

  • To determine the mission for the College (its “educational character”).
  • To ensure high standards are achieved in all aspects of the College’s work.
  • To ensure financial solvency and to protect the College’s assets (mainly property).
  • To oversee all aspects of the College’s work and to act as a ‘critical friend’ to the Principal and her management team.

INTRODUCTION FROM THE CHAIR OF THE CORPORATION

The past 2 years have seen a number of exceptional achievements by the College including in the award of the prestigious Beacon status and the next two to three years will be very challenging following the opening of the 6th form centre in October 2010 and responding to the demands on the education sector following the election of a new government.

Mr. Peter Conway

Roles And Responsibilities

Corporation’s statutory roles and responsibilities are set out in the Instrument & Articles of Government. The role is similar to that of a non-executive director, working with the executive management of the College to steer the College to success.

Corporation’s main duties are to determine the mission, ethos and values of the College, monitor performance, ensure financial health and protect assets. Corporation is fully involved in determining the College’s strategic direction, is committed to raising standards and providing a quality experience and environment for its learners.

Corporation has a set of Standing Orders which are the rules by which it operates. In addition there is a Code of Conduct for members, and each committee has clear terms of reference. Corporation has adopted a statement on the distinction between governance and management, has adopted the 7 Nolan Principles on Standards in Public Life.

All members are required to declare financial and other interests, which are held by the Clerk in a Register open to inspection. In addition eligibility is confirmed on appointment and annually thereafter. Members are also required to undergo DRB checks. Members are normally appointed for a term of 4 years initially, and this is renewable. Attendance is recorded and reviewed against a PI of 80%. Contribution outside formal meetings is also valued. As well as monitoring the College’s performance the Corporation also undertakes an annual review of its own effectiveness and takes action to ensure continuous improvement.

Corporation meets 11 times a year: 9 formal Full Board meetings, and 2 Review/Strategy meetings. Meetings and Corporation business are scheduled to address the Corporation Business cycle.

Instrument And Articles Of Government For FE Colleges

The Instrument & Articles of Government set out the regulatory framework within which a further education college or corporation operates.

The Instrument and Articles of Government are currently being reviewed following changes in Government legislation.

Corporate Governance : Related Information


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