5.—(1) The governing body of the University is the Board.
(2) The Board shall be comprised of a maximum of 22 Governors on the date of this Order coming into force reducing to a maximum of 18 Governors within 4 years of that date.
(3) Governors shall be chosen by the Board in accordance with its rules and procedures from time to time with the aim of the Board having a broad range of skills and experience represented on it.
(4) Governors shall include:–
(a)the Principal;
(b)3 members of staff of the University:–
(i)one appointed by the Academic Council;
(ii)one elected by the academic staff of the University from among the academic staff; and
(iii)one elected by all other staff of the University from among such staff;
(c)2 Governors elected by the students with one Governor being an undergraduate student and one a postgraduate student.
(5) The Board shall, after consultation as it sees fit, make rules for the appointment or election of the Independent Governors.
(6) The Board has the entire control and management of the University.
(7) The functions and duties of the Board shall (without imposing any limitation on its general powers) include:–
(a)overseeing the University’s activities, determining its mission and future direction, fostering an environment in which the University’s objects are achieved and providing strategic input on all material policy or other matters affecting the University (including the adoption and publication of a statement of the primary responsibilities of the Board);
(b)appointing and regulating committees of Governors, and where appropriate, others;
(c)setting up within the University such departments, schools, faculties and other units of organisation and delegating to them such functions, duties and powers as it sees fit;
(d)employing staff and other contractors and to regulate their employment;
(e)appointing a Chancellor as the titular head of the University;
(f)appointing a Principal and Vice-Chancellor as the chief academic and executive officer of the University;
(g)appointing one or more Vice Principal, a Secretary to the Board and other office holders to have such powers as the Board may see fit;
(h)making regulations, byelaws and standing orders for the exercise of the functions and duties of the Board acting on behalf of the University;
(i)providing facilities to carry on any activities which are necessary or desirable to enable the University to fulfil its objects;
(j)establishing and monitoring systems of control and accountability including financial and operational controls and risk assessment; and
(k)reviewing and monitoring the management of the University and its performance.
(8) Subject to paragraphs (9) and (10) and any other provision preventing delegation, the Board shall be entitled to delegate all or any of its functions, powers and duties to any person or body provided that such person or body is approved by a two thirds majority of the Board.
(9) The Board shall not delegate any matter relating to:–
(a)the solvency of the University;
(b)the determination of strategic direction or policy matters affecting the University;
(c)the employment arrangements and monitoring of performance of the Principal;
(d)the variation, amendment or revocation of this Order;
(e)the approval of an annual business plan and annual budget;
(f)the strategy for risk management;
(g)the review and the monitoring of the management of the University and its performance;
(h)the appointment and terms of engagement of the Secretary to the Board; or
(i)the approval of the University’s annual audited accounts.
(10) The Board shall not delegate any matter it considers to be material relating to:–
(a)safeguarding the property, assets or undertaking of the University;
(b)approving any significant commercial activities involving the University;
(c)establishing and monitoring systems of control and accountability within the University; or
(d)strategy for establishing and monitoring of any entity with which the University is involved.
(11) The Board shall approve a business plan and budget for the University for each twelve month financial period of the University.
(12) The Board shall be responsible for approving the business plan and budget prior to their start date.