Guildford College of Further and Higher Education is an independent Corporation with exempt charity status formed under the Further and Higher Education Act 1992. The Instrument and Articles of Government set down its powers, membership, role and responsibilities. Most of the College’s provision is funded by the Skills Funding Agency and Educational Funding Agency, and the Instrument and Articles are supplemented by the Funding Agencies’ Financial Memorandum and Joint Audit Code of Practice, as well as Charity Law and general law relating to employment, equality and diversity, health and safety. The college sector’s Principal Regulator under Charity Law is the Secretary of State BIS.
Corporation, or the Board of governors, is similar to a board of non-executive directors. Guildford College Corporation is made up of members from the business and local community, stakeholders, staff and students. There is a formal search process: appointments are based on skills and merit. The Principal is a member ex officio and the only executive member. Corporation is accountable for the use of public funds and has a duty of care for the assets of the College. Corporation is advised by a Clerk who is independent of College management and has access to independent professional advice.