HEFCE Annual Assurance Review

Demonstrating the highest levels of confidence in the University and its ambitious transformation programme, the Higher Education Funding Council for England (HEFCE) has just awarded Salford a top rating for its accountability for public finance. Following an in-depth 2009/10 Review, HEFCE made no recommendations for improvement – the best of the four possible outcomes. Instead, the positive report endorses Salford’s governance, finances and risk management, concluding that it was able to rely on the University’s accountability information. Particularly pleasing was HEFCE’s observation of “a good sense of ownership of the new strategic plan, throughout the Council, Executive and from staff and middle management.” Vice-Chancellor Professor Martin Hall said: “Given the increasing public interest in the governance of universities, the HEFCE Review is of particular importance. Passing the detailed audit is by no means a foregone conclusion for any institution, making this a truly significant achievement for the University. “This top rating is excellent news, highlighting the integrity of our governance system and reminding us of the progress we have made in recent years. It is part of our process of continual improvement and assures us that Salford is robust and well placed to implement its transformation programme and achieve the Strategic Plan.” The Review has endorsed the soundness of the University’s governance reforms begun in 2008. These included the introduction of Lead Members for key activities and responsibilities, a decrease in the size of the University Council and the introduction of a clearer majority of independent members. The University’s approach to strategic planning and risk management and the value for money framework also received approval. Please click here to read the Final Report.