Annual Accounts 2011 - University of Abertay Dundee

More documents

Recommendations

Info

University of Abertay Dundee Annual report and financial statements 31 July 2012 Corporate governance statement (continued) Court members’ attendance at Court and Committees (to 31 July 2012) Court Audit Committee Finance, People & General Purposes Committee Court Committees Governance Committee Chairman’s/ Nominations Committee Remuneration Committee 7~ in year 4 in year 4 in year 3 in year 5 in year 5 in year Dr T Abraham + 2 Mr J Burt + (from 16.12.11) 6 (of 6) 2 (of 2) Mr K Cargill + (deceased 2.07.12) 5 2 (of 2) 3 (of 4) 2 (of 3) Mr D Dorward + 5 2 3 Mr E Frizzell + 5 2 4 5 Mr M Grossi + 2 Mr N Hawkins + 6 1 (of 1) 4 5 Mr C Macdonald + 5 Mr A MacMillan Douglas + 3 4 2 4 Mrs A Markham + 5 3 Mrs L Martin + (to 16.03.12) 2 (of 5) 0 (of 1) Mr D McLaren + 5 4 5 Mr W Mohieddeen 7 4 3 Mr J Nicholson 6 Professor S Olivier 6 3 4 Dr J Rees + (from 27.01.12) 2 (of 4) 1 (of 2) Mr J Reid + (from 27.01.12) 2 (of 4) Dr A Samuel 6 Mrs S Scott + 6 1 (of 1) Mr I Simpson 7 3 Professor N Terry 6 4 3 5 Professor E Wilson + 6 4 Mr I R Wilson + (to 31.12.11) 2 (of 3) 1 (of 2) 1 (of 2) Aggregate attendance level: (to 31 July 2011) 72% (77%) 86 % (80%) 77 % (69.5%) 94 % (83%) 76 % (75%) 91 % (83%) ~ Comprising 4 scheduled meetings and 3 special meetings. + Non-executive/lay member The Principal is the chief executive of the University with delegated powers to discharge the functions of Court relating to the management of the University and to discipline therein. During the year to 31 July 2012, the postholder was Professor N Terry as Principal & Vice-Chancellor (Acting) from 4 March 2011. Professor N Seaton took up the post of Principal & Vice-Chancellor from 20 August 2012. Court has formally constituted a number of Committees, all of which have clearly defined remits and the majority of which have a lay core member as Chair. The major Committees are: Audit Committee; Chairman’s Committee; Finance, People & General Purposes Committee (which has three sub-committees: Estates & Campus Services, Health and Safety, and Equality and Diversity); Governance Committee; and the Remuneration Committee. Court delegates to Senate its functions relating to the overall planning, coordination, development and supervision of the academic work of the University. Senate has formally constituted a number of committees, all of which have clearly defined remits. The Audit Committee advises Court on all audit-related matters and assists Court in ensuring the discharge of its responsibilities for proper financial management. It is also responsible for the effectiveness of the internal control and management systems, for the efficiency and effectiveness of the University’s financial activities for monitoring mechanisms designed to ensure value for money across all of the University activities and for monitoring compliance with the University’s risk management framework. The University does not have an internal audit function, but contracts the services of an external provider, which provides access to a wider set of specialist expertise as well as benchmark data to help inform Court. 6
University of Abertay Dundee Annual report and financial statements 31 July 2012 Corporate governance statement (continued) The internal auditors conducted six reviews during the year ended 31 July 2012 including a review of the implementation of recommendations arising from the previous year’s reviews. The Audit Committee also oversaw work by the University to review its strategic level risks and to undertake a tender exercise for internal audit and external audit services from 2012/13. The Committee also undertook a self-assessment of its effectiveness and efficiency. The Audit Committee met four times and the aggregate attendance was 86%. The membership of the Audit Committee - including one external, independent co-opted member with relevant expertise (Mr I McDonald) - for the year to 31 July 2012 was: Mr D McLaren (Chair) Professor E Wilson Mrs A F Markham OBE Mr I R Wilson CBE (until 31 December 2011) Mr I McDonald The Chairman’s Committee acts in the name of Court in cases of urgency, subject to any decision being reported to the next meeting of Court. It also acts as a Nominations Committee, considering recommendations for the appointment of lay and co-opted members to Court, which are then referred to Court. The Nominations Committee reviews nominees derived from the 2006 advertisement for lay members of Court and from invitations for nominees from members of Court and all staff of the University. Given the breadth of opportunity afforded by seeking nominations for these two key groups, the University did not feel that it was necessary to employ an external search agency with regard to the appointment of lay members of Court. The Chairman’s Committee/Nominations Committee held five meetings in the session and the aggregate attendance was 76 %. The members of the Chairman's Committee for the year to 31 July 2012 were: Mr N Hawkins (Chair) Mr K Cargill (resigned from Committee 18 April 2012) Mr E Frizzell CB (Vice-Chair) Mr A MacMillan Douglas OBE Professor S Olivier Professor N Terry The Finance, People & General Purposes Committee oversees and supervises the receipt, expenditure and control of all revenues. It advises Court on all strategic, financial, and people matters and on other matters affecting Court’s interests which are not referred to any other Committee. The Committee also supervises and reviews the financial administration of the University. The members of the Finance, People & General Purposes Committee for the year to 31 July 2012 were: Mr A MacMillan Douglas OBE (Chair) Mr W Mohieddeen Mr J Burt (from 16 December 2011) Dr J Rees (from 27 January 2012) Mr D Dorward Professor S Olivier Mr E Frizzell CB Mr I Simpson (from 25 November 2011) Mrs W Grant Professor N Terry Mr C Grethè Mr I R Wilson CBE (until 31 December 2011) The Estates & Campus Services Sub-Committee oversees all matters relating to the Estate Strategy and to the maintenance, review, development and renewal of the University’s property, services, fixtures and estate. The members of the Estates & Campus Services Sub-Committee for the year to 31 July 2012 were: Mr E Frizzell CB (Chair) Mr K Cargill (resigned from Sub-Committee 18 April 2012) Professor S Olivier Mr W Mohieddeen Mr I Simpson Professor N Terry 7
Page 1 and 2: Annual Report and Financial Stateme
Page 3 and 4: University of Abertay Dundee Annual
Page 7: University of Abertay Dundee Annual
Page 23 and 24: Consolidated cash flow statement fo

Annual Accounts 2011 - University of Abertay Dundee

Create successful ePaper yourself

Delete template?

Save as template?