Agenda item

Members are asked to note the Committee’s Terms of Reference.

The Committee received its Terms of Reference and, whilst noting that they included reviewing ‘any matters that may affect the finances of the Guildhall School reporting to the main Board’, Governors felt that the Terms of Reference could be more specific in terms of endorsing and recommending the Financial Statements to the Board of Governors. It was subsequently agreed that an amendment to the Committee’s terms of reference should be proposed to the Board.

RESOLVED: That the Board of Governors be recommended to approve an amendment to the Finance & Resources Committee’s Terms of Reference, to reflect its role in reviewing the Financial Statements and recommending them to the Board for approval.