This letter sets out the standards for good financial management and governance of colleges, as expected by the ESFA. Amongst other things, it details expectations in regard to Governance Professionals:
There is little doubt that over the last few years, the role of governance professionals has expanded significantly, to the point where they play a critical role as a technical adviser and strategic enabler to boards and a key source of advice to yourselves as accounting officers.
I am pleased to be able to share with you the new programme of learning and support for college governance professionals that has been commissioned by the Department for Education (DfE) and developed by the Education & Training Foundation and partners.
The programme aims to:
• further professionalise this role and raise its profile across the sector
• equip your governance professionals with the skills and confidence to discharge their responsibilities effectively.
There is a new requirement in college funding agreements that any person who is selected by the governing body for appointment as the governance professional or clerk must have a qualification relevant to the role, or equivalent experience. There must be a report in the college annual report and accounts on activities undertaken over the year to develop your governance professionals.