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Not­ting­ham Col­lege, for­mer­ly Cen­tral Col­lege Not­ting­ham and New Col­lege Not­ting­ham was incor­po­rat­ed as a Fur­ther Edu­ca­tion Cor­po­ra­tion by the Fur­ther and High­er Edu­ca­tion Act 1992. The statu­to­ry Instru­ment and Arti­cles of Gov­ern­ment detail the respon­si­bil­i­ties of the Cor­po­ra­tion and the Prin­ci­pal, and the com­po­si­tion and frame­work of the Gov­ern­ing Body. Gov­er­nance is the way in which organ­i­sa­tions are direct­ed and con­trolled. The Gov­ern­ing Body deter­mines the rules and pro­ce­dures for mak­ing deci­sions on cor­po­rate affairs includ­ing the process through which the organ­i­sa­tion’s objec­tives are set and per­for­mance mon­i­tored. The Cor­po­ra­tion Stand­ing Orders sup­ple­ment the Instru­ment and Arti­cles of Gov­ern­ment.

The Gov­ern­ing Body or Cor­po­ra­tion is respon­si­ble for the over­all func­tion­ing of the Col­lege. Of par­tic­u­lar impor­tance is ensur­ing the qual­i­ty of the teach­ing and learn­ing expe­ri­ence at the Col­lege and with­in the wider com­mu­ni­ty. In gen­er­al terms the Cor­po­ra­tion is also respon­si­ble for the finan­cial health and strate­gic direc­tion of the Col­lege. The duty of care to safe­guard the Col­lege and its assets and account for the use of pub­lic funds are fun­da­men­tal to the role of the Gov­ern­ing Body. The Cor­po­ra­tion approves the Col­lege’s annu­al finan­cial state­ments and the lat­est ver­sion of these finan­cial state­ments can be found here.

The Cor­po­ra­tion meets through­out the year to under­take its respon­si­bil­i­ties and ensure the strate­gic aims of the col­lege are met. The Instru­ment and Arti­cles of Gov­ern­ment require the Cor­po­ra­tion to have an Audit Com­mit­tee and a Search Com­mit­tee work­ing along­side the Cor­po­ra­tion with terms of ref­er­ence agreed by the Cor­po­ra­tion. Each Com­mit­tee has a mem­ber­ship made up of rep­re­sen­ta­tives of the Gov­ern­ing Body and report back to the Cor­po­ra­tion on a reg­u­lar basis.