32 City of Glasgow College Annual Report & Accounts 2020-21
Statement of Board of Management's Responsibilities:
The Board is responsible for:
• Leading the College.
• Setting the strategic direction of the College
• Supporting the Principal and the Executive team.
• Demonstrating independence, integrity, and
accountability.
• Bringing fresh and innovative perspectives.
• Seeking full information and questioning.
• Holding management to account and challenging
appropriately.
• Ensuring it is diverse and has a good balance of skills
and backgrounds.
• Ensuring delivery of the College's responsibilities under
the Regional Outcome Agreement (ROA).
• Preparing the College's financial statements under the
Further and Higher Education (Scotland) Act 1992 (as
amended).
The External Auditors have been informed of all relevant
details pertinent to the independent audit. The Board of
Management accepts responsibility for the Annual Report
and Accounts being fair, balanced, and understandable.
The Board of Management governance framework
sets out the roles, accountabilities and expectations for
board members, board committees, staff and students.
The Board of Management Articles of Governance are
publicly available via the College website.
In 2020-21the Board maintained its additional
responsibility from 2013-14, i.e. to provide to the Scottish
Funding Council an annual report on the College-led
review of the preceding academic year, together with
an annual statement of assurance on quality during that
year. This responsibility is ongoing on a yearly basis.
Board of Management Committees
The Board and its committees play a vital role in the
oversight of College business and hold management
accountable for performance against targets and
performance indicators. The Board met six times
in 2020-21, and following the practice established
through 2019-20 from the point of the closure of the
College buildings and Covid lockdown in mid-March
2020, all Board meetings were undertaken remotely via
videoconferencing. In addition, the Board's Committees
met through the session with an uninterrupted schedule
of meetings (with the exception of the Art Foundation, for
which related activity was significantly curtailed).
The responsibilities of the Board Committees are set
out in their respective Terms of Reference (access via
links below) or in the case of the Art Foundation, the
Foundation Remit. All Board Committees (except the Art
Foundation) reviewed their respective Terms of Reference
through 2020-21, which were approved by the Board in
June 2021.
Audit and Assurance Committee
Responsible for monitoring the integrity of financial
statements, risk management, instructing internal
audits and reviewing internal controls and governance
systems, including assurances relating to the corporate
governance requirements for the organisation .
Development Committee:
Provides ongoing strategic review of commercial and
international activities and considers new opportunities,
ensuring alignment with the College's Strategic Plan.
Finance and Physical Resources Committee:
Responsible for the review of financial planning,
monitoring the use of funds for student welfare, carrying
out duties set out by the Board and assigned in the
Financial Regulations, and for receiving and approving the
annual budget and final accounts for recommendation to
the Board. This Committee also considers, approves and
monitors plans for the management and development of
College estate and facilities.
Learning and Teaching Committee:
Provides reports and advice to the Board on academic
policies and procedures, on matters relating to the
curriculum, quality and learning, teaching and support,
and on the role of the Academic Board.
Performance and Nominations Committee:
Monitors performance across the College with reference
to the strategic plan and considers efficiency. This
Committee also manages the recruitment of Board
members, oversees their personal development and
evaluation, and helps identify candidates for senior
positions in the College.
Remuneration Committee:
Determines the remuneration of the Principal and the
Executive team, as well as severance arrangements.
Students, Staffing and Equalities Committee:
Considers and approves employee and studentfocused strategies and policies, monitors relationships
between trade unions and employees, and has a special
responsibility for Equalities matters.