The Audit and Risk Committee is responsible to Council for adequate and effective risk management, control and governance (including ensuring the probity of the financial statements and the effective management and quality assurance of data submitted to funding bodies) and for the economy, efficiency and effectiveness of the institution’s activities.
1. To keep under review the effectiveness of the risk management, control and governance arrangements and provide an opinion on the adequacy and effectiveness of these arrangements in an annual report to Council and the Vice-Chancellor
2. To advise the Council on the appointment of the external auditors, the audit fee, the provision of any non-audit services by the external auditors and any questions of resignation or dismissal of the external auditors.
3. To discuss if necessary with the external auditors, before the audit begins, the nature and scope of the audit.
4. To discuss with the external auditors problems and reservations arising from the interim and final audits, including a review of the management letter incorporating management responses, and any other matters the external auditors may wish to discuss (in the absence of management where necessary).
5. To consider and advise the Council on the appointment and terms of engagement of the internal audit service (and the head of internal audit, if applicable), the audit fee, the provision of any non-audit services by the internal auditors and any questions of resignation or dismissal of the internal auditors.
6. To review the internal auditors’ audit risk assessment and strategy; to consider major findings of internal audit investigations and management's response; and to promote co-ordination between the internal and external auditors. The committee will ensure that the resources made available for internal audit are sufficient to meet the institution’s needs (or make a recommendation to the Council as appropriate).
7. To review the internal auditors' annual report, and management responses.
8. To monitor the implementation of agreed audit-based recommendations, from whatever source.
9. To ensure that all significant losses have been properly investigated and that the internal and external auditors, and where appropriate the HEFCE accounting officer, have been informed
10. To oversee the institution’s policy on fraud and irregularity, including being notified of any action taken under that policy.
11. To satisfy itself that suitable arrangements are in place to promote economy, efficiency and effectiveness and provide an opinion on the adequacy and effectiveness of these arrangements in an annual report to Council and the Vice-Chancellor.
12. To satisfy itself that suitable arrangements are in place for the management and quality assurance of data submitted to funding bodies and provide an opinion on the adequacy and effectiveness of these arrangements in an annual report to Council and the Vice-Chancellor.
13. To receive any relevant reports from the National Audit Office, HEFCE and other organisations.
14. To monitor annually the performance and effectiveness of external and internal auditors, including any matters affecting their objectivity, and to make recommendations to the Council concerning their reappointment, where appropriate.
15. To consider elements of the annual financial statements in the presence of the external auditors, including the auditors’ formal opinion, the statement of members’ responsibilities and the statement of internal control, in accordance with HEFCE’s Accounts Directions.
16. In the event of the merger or dissolution of the institution, to ensure that the necessary actions are completed, including arranging for a final set of financial statements to be completed and signed.
17. To have regard to the schedule and outcome of academic reviews and audits conducted under the auspices of the Senate, with a view to avoiding duplication of effort in determining the schedule of business audits.
18. To recommend to Council the establishment, terms of reference and composition of any time or task-limited working groups deemed necessary to develop, advance or review the Committee’s business.
19. To satisfy itself that suitable arrangements are in place for the management of health, safety and wellbeing, including consideration of relevant reports prepared by management and recommendation of adoption of such reports by Council.
To consider matters concerning the effective and efficient use of physical and human resources, financial performance and sustainability and to provide assurance and make recommendations as appropriate to Council.
1. To consider, review and advice Council on financial, estates, human resources and information technology strategy, ensuring alignment with the University's overall strategy.
2. To consider and review University financial performance, including monitoring and scrutiny of:
3. To ensure compliance with all HEFCE financial requirements and obligations.
4. To consider and make recommendations to Council regarding:
5. In relation to Human Resources (HR) matters, to:
6. In relation to Estates matters, to:
7. In relation to Information Technology (IT), to:
8. In relation to International matters, to:
9. To establish such sub-committees or time limited task groups as may be required to enable the Committee to effectively discharge its terms of reference.
The Governance, Nominations and Ethics Committee advises Council on its membership and representation on other internal and external bodies and the operation and effectiveness of corporate governance arrangements. It is also responsible on behalf of Council for the University’s ethics framework and for development, implementation and monitoring of policies, procedures, codes of practice and guidelines in relation to ethical issues.
To determine the remuneration of senior managers and staff of the University as defined by the Committee. The Committee shall meet as required but no less than twice a year.
The Student Experience Committee (SEC) is a Committee of Council which monitors and considers the student academic experience at the University to enable Council better to understand the nature of the student experience at Salford and to make its assurance statement as part of the annual accountability return to HEFCE.
The Committee will receive reports on the student academic experience, outcomes and standard of awards, and challenge assurances from within the University.
1. To receive and consider reports and assurances from the University which would support the Council in making the following assurance statements to HEFCE:
2. To sample the stages of the journey set out below and seek assurance that all elements of the journey are focussed on continuous improvement and meeting agreed KPIs and nationa lbenchmarks (reporting to Council and the Executive as appropriate if such assurance is not achieved):
a) pre-entry, welcome and induction
b) teaching and learning experience
c) learning resources and environment
d) student support
e) student satisfaction
f) transition, retention and progression
g) employment and other outcomes
h) alumni experience
i) equality, inclusion and diversity
3. To satisfy itself that the University meets its legal and compliance obligations on matters relating to equality, inclusion and diversity, and to ensure that suitable arrangements are in place for the management of equality, inclusion and diversity, including the monitoring and oversight of such arrangements.
4. To consider any other relevant matters referred to the Committee by Council or other Committees thereof.