Common use of Board Effectiveness Clause in Contracts

Board Effectiveness. The Board of Management has adopted the Code of Good Governance for Scotland’s Colleges. The code outlines the activity to be undertaken by a Board. The Board of Management has an effective mix of skills in place, supplemented by a comprehensive induction process which is further enhanced by Board training activities such as the provision of equalities training. There are self-evaluation processes, led by the Chair and an evaluation process for the activity of the Chair led by the Vice-Chair. These offer a mechanism for members to feedback on their perceptions of the Board, their contribution and any future training needs. In the opinion of the Board of Management, we can confirm that corporate governance is exercised in accordance with the principles of the Code of Good Governance for Scotland’s Colleges, the Scottish Public Finance Manual (SPFM) and the Financial Memorandum. Our auditors’ opinion on regularity states that “In our opinion in all material respects the expenditure and income in the financial statements were incurred or applied in accordance with any applicable enactments and guidance issued by the Scottish Ministers.” The College Board of Management remains committed to engaging fully with Education Scotland and the Scottish Funding Council on the new quality arrangements. The College’s first Evaluative Report and Enhancement Plan were endorsed by Education Scotland and SFC in November 2017 and college managers are now working on an engagement calendar for the remainder of 2017-18.

Board Effectiveness. The Board of Management has adopted the Code of Good Governance for Scotland’s Colleges. The code outlines the activity to be undertaken by a Board. The Board of Management has an effective mix of skills in place, supplemented by a comprehensive induction process which is further enhanced by Board training activities such as the provision of equalities training. There are self-evaluation processes, led by the Chair and an evaluation process for the activity of the Chair led by the Vice-Chair. These offer a mechanism for members to feedback on their perceptions of the Board, their contribution and any future training needs. In the opinion of the Board of Management, we can confirm that corporate governance is exercised in accordance with the principles of the Code of Good Governance for Scotland’s Colleges, the Scottish Public Finance Manual (SPFM) and the Financial Memorandum. Our auditors’ opinion on regularity states that “In our opinion in all material respects the expenditure and income in the financial statements were incurred or applied in accordance with any applicable enactments and guidance issued by the Scottish Ministers.” The College Board of Management remains committed to engaging fully with Education Scotland and the Scottish Funding Council on the new quality arrangements. The College’s first second Evaluative Report and Enhancement Plan were endorsed has been completed and verified by Education Scotland and SFC in November 2017 and college managers are now working on an engagement calendar for the remainder of 2017-18SFC.