Middlesex University


Financial Statements 2015/16


Corporate governance


The University is committed to best practice in all aspects of corporate governance. It aims to conduct its business in accordance with the principles identified by the Committee on Standards in Public Life (Nolan Committee), and in the Guide for Members of Higher Education Governing Bodies in the UK issued by the Committee of University Chairs.


The Board of Governors


It is the Board of Governors’ responsibility to bring independent judgment to bear on issues of strategy, performance, resources and standards of conduct.


The Board of Governors are provided with regular and timely information on the overall financial performance of the University together with other information such as performance against funding targets, proposed capital expenditure, quality matters and personnel related matters, such as health and safety and environmental issues.


In the year ended 31 July 2016, the Board of Governors met seven times. The Board is responsible for setting the strategic direction of the University and for the finance, property, investments and general business of the University and is required to present audited financial statements for each financial year.


The Board of Governors conducts its business through a number of committees. Each committee has terms of reference approved by the Board of Governors. The standing committees are the Finance Committee, Governance and Nominations Committee, Remuneration Committee and Audit and Risk Committee.


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