Middlesex University


Financial Statements 2015/16


9 . Staff costs (continued) The Board of Governors


The University Board of Governors members are the trustees for charitable law purposes. Due to the nature of the University’s operations and because the composition of the Board of Governors is made up of both internal and external representatives being drawn from public and private sector organisations, it is inevitable that transactions will take place with organisations in which a member of the Board of Governors may have an interest. All transactions involving organisations in which a member of the Board of Governors may have an interest, including those identified below, are conducted at arms length and in accordance with the University’s Financial Regulations and usual procurement procedures.


A register of interests is maintained for members of the Board of Governors and Senior Management, and no such transactions or payments were reported during the year.


No Governor has received any remuneration or waived payments in respect of their service from the University during the year (2015: none).


The total expenses paid to 6 governors was £2,968 (2015: £1,725 to 8 governors). This represents travel and subsistence expenses incurred in attending Board and Committee meetings and University events in their official capacity.


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