Common use of RESPONSIBILITIES OF THE GOVERNING BODY Clause in Contracts

RESPONSIBILITIES OF THE GOVERNING BODY. 2.1 The Governing Body of the College has responsibilities for ensuring that the College’s funds are used only in accordance with the corporation’s powers as set out in the Further and Higher Education Act 1992 and the College’s own statutory duties and other obligations. 2.2 The Governing Body of the College has responsibilities for ensuring that the College’s funds are used only in accordance with the College's powers as set out in the Further and Higher Education Act 1992 and/or the College’s own statutory duties, articles of association or trust deeds and other obligations. 2.3 The Governing Body will appoint an accounting officer with an appropriate separation of duties between executive and non-executive roles and responsibilities. The expectation is that the accounting officer will be the Principal or most senior executive leader of the College. The Governing Body will inform the Department in writing of the name and position of the accounting officer, and if the accounting officer is absent from the College for an extended period, as determined by the corporation, the name of the person who will discharge the accounting officer’s responsibilities during the absence. 2.4 The College will inform the Department in writing, as soon as is reasonably practicable, of the vacating or filling of the positions of the Chair of the Governing Body, the Principal, the accounting officer, and the governance professional.

Appears in 4 contracts

Samples: Accountability Agreement, Conditions of Funding (Grant), Accountability Agreement

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RESPONSIBILITIES OF THE GOVERNING BODY. 2.1 The Governing Body of the College has responsibilities for ensuring that the College’s funds are used only in accordance with the corporation’s powers as set out in the Further and Higher Education Act 1992 and the College’s own statutory duties and other obligations. 2.2 The Governing Body of the College has responsibilities for ensuring that the College’s funds are used only in accordance with the College's powers as set out in the Further and Higher Education Act 1992 and/or the College’s own statutory duties, articles of association or trust deeds and other obligations. 2.3 The Governing Body will appoint an accounting officer with an appropriate separation of duties between executive and non-executive roles and responsibilities. The expectation is that the accounting officer will be the Principal or most senior executive leader of the College. The Governing Body will inform the Department in writing of the name and position of the accounting officer, and if the accounting officer is absent from the College for an extended period, as determined by the corporation, the name of the person who will discharge the accounting officer’s responsibilities during the absence. 2.4 The College will inform the Department in writing, as soon as is reasonably practicable, of the vacating or filling of the positions of the Chair of the Governing Body, the Principal, the accounting officer, and the governance professionalclerk/head of governance.

Appears in 2 contracts

Samples: Conditions of Funding (Grant), Conditions of Funding (Grant)

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RESPONSIBILITIES OF THE GOVERNING BODY. 2.1 The Governing Body of the College has responsibilities for ensuring that the College’s funds are used only in accordance with the corporation’s powers as set out in the Further and Higher Education Act 1992 and the College’s own statutory duties and other obligations. 2.2 The Governing Body of the College has responsibilities for ensuring that the College’s funds are used only in accordance with the College's powers as set out in the Further and Higher Education Act 1992 and/or the College’s own statutory duties, articles of association or trust deeds and other obligationsdeeds. 2.3 The Governing Body will appoint an accounting officer with an appropriate separation of duties between executive and non-executive roles and responsibilities. The expectation is that the accounting officer will be the Principal or most senior executive leader of the College. The Governing Body will inform the Department in writing of the name and position of the accounting officer, and if the accounting officer is absent from the College for an extended period, as determined by the corporation, the name of the person who will discharge the accounting officer’s responsibilities during the absence. 2.4 The College will inform the Department in writing, as soon as is reasonably practicable, of the vacating or filling of the positions of the Chair of the Governing Body, the Principal, the accounting officer, and the governance professionalclerk.

Appears in 2 contracts

Samples: Conditions of Funding (Grant), Conditions of Funding (Grant)

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