Transcript Slide 1

The age of austerity, or the
opportunity to govern more
effectively?
Steve Denton
Pro-Director (Strategy and Organisation) and Institute
Secretary,
Institute of Education, University of London
The age of austerity or the age of chaos?
The age of austerity or the age of chaos?
......and is this all new?
The age of austerity or the age of chaos?
......and is this all new?
Hands up up if you remember the early ‘80’s
Governance
Is wider than just the governing body
Council/Board
Senate
Academic
Board
Vice
Chancellor
Effective Governance?
Enablers
1.Effective leadership and governing body dynamics
2. Effective governance structures and processes
3. Effective governing body membership
4. Commitment to vision, organisational culture and values
5. Effective performance monitoring and measurement
6. Effective information and communication
(Schofield)
Effective governance
Outcomes
1. Ensuring that the strategic plan is achieved
2. Ensuring that financial health is achieved
3. Ensuring accountability and regulatory compliance
4. Ensuring quality in academic and service provision
5. Effectively assessing risk and supporting innovation
6. Enhancing institutional reputation and competitiveness
7. Providing confidence in institutional governance
8. Constructively supporting and challenging the executive
A perfect storm?
 Setting the strategic direction;
when a week is indeed a long time in politics
 Ensuring financial sustainability against a backdrop of;
changing income streams
reduction/Removal of T grant
 Unknown impact short to medium term-UG fees
 PGT “unknown”
 Overseas conundrum-Government barriers and risks
 Research, Consultancy and Knowledge transfer
reductions in public funding for CKT activities
A perfect storm?
 Pressure for REF success
investment in/competition for talent
 Pay and pensions
restrictions on public sector pay increases
 Efficiency squeeze
“....there remains more to do...” ₁
Diamond; Modernisation and Efficiency TG
 The shared services imperative
₁ HE Funding letter 250112
A perfect storm?
 When Quality (inc student experience) is everything; how do
you ensure that at “arms length” (Senate)
 Meeting the needs of multiple stakeholders; changing
expectations
 Institutional autonomy in the future age of collaboration,
competition, takeovers and mergers
 What will be the impact of the HEFCE super regulatorFinancial memorandum, CUC guide?
Challenges for governance and governors
 Can our governance structures and processes keep up with
the pace of change? Collegiality vs. speed of decision making?
 Can our tripartite governance systems continue in this new
environment?
 What is the role of the Governing Body in determining the
product and ensuring its quality?
 Noses in; fingers out?
 Measuring performance-what, when, how?
Challenges for governance and governors
 Greater responsibilities; more accountability= more
responsibility
 Wither Volunteerism?
 Size of Boards and their composition
 Recruiting the best; different expertise? What attributes will
the governor of 2015 need to have?
 Clearer articulation of role and expectations
 Training and development
Challenges for governance and governors
 The role of Chair? Executive Chairs?
 Vice-Chancellor-primus inter pares or chief executive?
 Four times a year may not do-Fleetness of foot vs. The
traditional cycle
 It’s not just about meetings
 Quality and timeliness of information (Woolf)
 Independent advice?
Why would you do it?
A glimpse of the future?
Current
Strategic direction
Financial sustainability
Appoint the VC
Monitoring institutional
performance
Charitable trustees; guardians
Light touch reporting from Senate
Institutional autonomy
A future?
The end of 5 year plans; compasses
Profitability
Faster turnover
Managing intra institutional
performance
Board directors
Protectors of the student
interest; Quality is king
Takeovers, mergers;subsidiarity
Pity the poor Secretary
Greater demands from Boards
Greater demands from individual members
Providing advice on new/complex issues
“Piggy in the middle”
Impact on Skills, experience; development
Judgement of Job
Carpe Diem!
Revisit the enablers of effective governance
Focus the governing body on the outcomes of
effective governance
The power of effectiveness reviews
Reinforce that Governors govern, leaders lead,
managers manage
Recognise that things are moving at an
unprecedented rate
 Have a frank discussion with the governing body about what
they would like and how they operate;
How often they meet
Quality and timeliness of information
Extent of communication
Information sharing and decision making between
meetings
Support, development, briefings
 Recruiting new members
Be very clear about what you want
Be clear about expectations-role, time commitment
Some final thoughts for us
Remember that the Board is not just the lay
members
Transparency is vital-especially in difficult times
The importance of the Holy Trinity
Invest in yourself
Use your networks!