The specific financial remit of the Employment and Finance Committee includes overseeing the financial strategy of the University through review of financial performance and recommending the annual budget and five-year forecasts to the Board. The Committee plays a key role in reviewing the Financial Statements and recommends these to the Audit Committee for subsequent scrutiny prior to Board adoption. Contracts of £2m or more are also approved by the Committee.
The Committee considers and approves the University’s financial policies and regulations, including the Treasury Management activities of investment and borrowing. In addition, the Committee considers and approves fees charged by the University for its academic programmes and University accommodation, and monitors the financial performance of the Students’ Union. As well as on-going estates and capital project initiatives, the Committee plays an increasing role going forward in overseeing the development and delivery of the University’s IT Strategy.
Terms of Reference 2019/20
Membership 2020/21
Helen Fairfoul – Chair (Independent Governor)
Craig Apsey (Independent Governor)
Roberta Blackman-Woods (Independent Governor)
Dr Stuart Fancey (Independent Governor)
Sally Pelham (Independent Governor)
Nick Pope (Independent Governor)
Professor Andrew Wathey (Vice-Chancellor and Chief Executive)
Lorraine Brown, Staff Governor (In Attendance – with full contribution rights)
Ava Sjoberg, Student Governor, Students’ Union Vice-President Education (In Attendance – with full contribution rights)
Officers
Secretary: Georgina Bailes georgina.bailes@northumbria.ac.uk
Assistant Secretary: Richard Elliott richard.g.elliott@northumbria.ac.uk
Officers in Regular Attendance
Director of Human Resources & Occupational Development: Jane Embley
Deputy Vice-Chancellor: Prof. Tom Lawson
Finance Director: Simon Newitt
Marketing Director: Adam Dunlop
Director of Strategic Planning: Daniel Monnery
Dates and Times of Employment and Finance Committee Meetings in 2020/21
| Date | Time | Location |
| Tuesday 22 September 2020 | 1.00pm | Microsoft Teams |
| Monday 09 November 2020 | 1.00pm | Microsoft Teams |
| Monday 15 March 2021 | 1.00pm | Microsoft Teams |
| Monday 07 June 2021 | 1.00pm | Microsoft Teams |
| | | |
