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City of Glasgow College Annual Report & Accounts 2019-20

Compliance with Best Practice

The Board of Management has formally endorsed and

adopted, in its entirety, the Code of Good Governance for

Scotland's Colleges 2014, and subsequently the revised

Code of 2016, which, along with the Code of Conduct,

forms a key instrument of guidance and probity for Board

members. I can confirm, therefore, that the Board seeks

to comply fully with the Code of Good Governance 2016,

and associated guidance, without exception, as well as the

Corporate Governance Code so far as its provisions apply

to the college sector.

Corporate Strategy

The matters reserved to the Scottish Funding Council for

decision are set out in the Financial Memoranda issued

by the Council. The Board is responsible for the strategic

direction of the College, approval of major developments

and policy changes, and for the review and commissioning

of regular reports from the Senior Management Team (SMT)

on the day-to-day operations of its business.

The College Strategic Plan 2017-25, has provided

the planning and review framework for the Board of

Management, which held two all-day Planning Seminars

in 2019-20. These seminars included a review of progress

against measures and targets relating to the Strategic Plan

via the five College Supporting Strategies, and a review of

the College's strategic context and direction.

Risk Management

The College Risk Management strategy is outlined under

Audit and Assurance above.

The Audit Committee received regular reports from the

senior management via Risk Management reviews in

2019-20. All significant changes to risk assessment and

management were highlighted and discussed by the

Committee, via the individual Risk Management Action

Plans (Risk MAPs) and the College Risk Register. The Board

Committees (above) regularly reviewed the strategic risks

associated with their areas of responsibility throughout the

session. The Risk Register sets out the College's strategic

risks under the Strategic Themes underpinning the College

Strategic Plan and associated planning documents,

ensuring alignment of risk management with strategic

planning.

The College recognises that its appetite and tolerance for

risk vary according to the activity undertaken, and that the

College's acceptance of risk is always subject to ensuring

that potential benefits and risks are fully understood

before developments are authorised, and that appropriate

measures to mitigate risk are established.

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