Conduct of the institution
2.—(1) The object of the Corporation shall be the promotion of education and training for the creative and cultural industries.
(2) The institution shall be conducted in accordance with the provisions of the Instrument, these Articles, and any rules or bye-laws made under these Articles.
(3) The Corporation has power as granted by and as subject to the Further and Higher Education Act 1992(1) to do anything which is calculated to further its object or is conducive or incidental to doing so. In particular, the Corporation’s powers include power to—
(a)borrow money and to charge the whole or any part of its property as security for the repayment of the money borrowed, in compliance with section 125 of the Charities Act 2011(2) in relation to a mortgage of land;
(b)buy, take on lease or in exchange, hire or otherwise acquire any property and to maintain and equip it for use;
(c)sell, lease or otherwise dispose of all or any part of the property belonging to the Corporation in compliance with sections 122-123 of the Charities Act 2011;
(d)employ and remunerate such staff as are necessary for carrying out the work of the Corporation; and
(e)deposit or invest funds, employ a professional fund manager, and arrange for the investments or other property of the Corporation to be held in the name of a nominee, in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000(3).