Thursday 6th December | 14:15 - 16:30 Eversheds Sutherland, 1 Wood Street, London, EC2V 7WS Financial Stress is nothing new for universities but is
Thursday 6th December | 14:15 – 16:30
Eversheds Sutherland, 1 Wood Street, London, EC2V 7WS
Financial Stress is nothing new for universities but is clearly going to get more intense with several alternative futures for the sector under discussion.
Those futures can affect universities now and can arise for a number of reasons from a range of different sources.
Today Higher Education finds itself facing a plethora of financial pressures which could be accelerated by the forthcoming AUGER REVIEW of Post-18 Education and Funding all of which need to be anticipated and prepared for.
This specialist programme will explore financial and strategic planning in higher education in a period of change for everyone.
Reform and restructuring can be just as difficult and painful for an institution and much more common than a whole institution failure. UK universities have not had one since 1998.
This programme will take participants through an informed discussion with a panel of experts on how stress and restructuring demands might arise.
The programme will help participants and viewers to understand how universities can be set up to provide the maximum number of options to help protect themselves and their students.
What structures and strategies should a prudent board of governors and management team have in place to be ready to deal with a range of challenging futures?
What might unfold before, during and after parts of a university become unsustainable and gets into financial distress and the government and OFS stick to their stated position of non-intervention?
Is the real future one of painful financial change and restructuring for everyone, not just those who at the edge of absolute failure?
Join us online or in person on Thursday 6th December 2018 to discover the answers to these pressing questions. Register to watch online here or RSVP below.
Partner & Head of UK Governance and External Relations practice and International Education practice, Eversheds Sutherland (International) LLP
Director of Policy, Universities UK
Global Industry Partner, Deloitte
FA – Restructuring Services & Director, Deloitte
Editorial Director, The Educaton Studio
This programme will feature a panel of experts pool their experience to lead Vice-Chancellors, Governors, Principals, Directors and Senior HE Management Teams through a thorough examination of the stress tests, the risks, the choices and the mechanisms that need to be put in place to be prepared for financial stress and restructuring in Higher Education.
A programme for Governors, Vice-Chancellors, Directors of Finance, Strategy and Business Development, Senior Management Teams and Industry Regulators. Register to watch online here or RSVP below.
Purpose of the Programme
- To achieve the widest possible access to undiluted expert presentations live and on demand for time poor senior executives.
- To provide informed and detailed information to university governors and leaderships on financial risk management and best practice.
- To examine what governors and HE managers should look out for and question: early warning signs or trouble ahead ; options and structures to put in place.
- To explore which duties and responsibilities lie where between management, governors and boards – what actions can be taken and what routes and support are available?
- To speed up the preparation and response planning at a time of financial pressure.
- To add informed benchmarking to the arrangements universities and HE are expected to have in place for financial restructuring, new polices, distress and the protection of students.
- To map the implications and obligations on accountable HE managers and governors
- To build understanding of the need for decisive action to protect students on course.
- To explore what happens when things start to go wrong:
– What are the signs of distress?
– Who do you call – the Office for Students, your lawyers, your accountants,. UUK??
– What is the role of OFS and what powers does it hold?
– What standards will you have to meet to pass its review of student protection
– What obligations are there to undergraduate students, post graduate taught students and research students?
– What is your civic or sectoral role if there is restructuring
– What painful lessons are there from policy makers reforms in Further Edcuation or from the USA.
Our expert line up of speakers will explore these and other questions raised by the audience on the day. Register to watch online here or RSVP below.
Programme Running order
Hosted by Neil Stewart, Editorial Director, The Education Studio.
14.15: Signs of stress – stress testing your institution
- What to watch out for and act on in time
- Who is watching – reporting requirements and role of Governors
- The anatomy of failures and miscalculations
- Avoiding administration
14.45: Preparations for a restructuring
- Having student dispersal plans in order
- Staff and suppliers – TUPE and non student issues
- Local community – anchor institution impact
- What is protected in law and legislation?
- What is of true value when you are doing asset sales?
15.15: Refreshment break
15.30: Roundtable discussion
• Hindsight on strategy
• What preparation protects students?
• Preserving sector value and reputation
• Meeting Expectations of financial management by HE managers and Governors
• Meets Expectations of University leadership in community
• Understands personal liabilities and risk – the new public accountability
• Comprehend interpretations of Market failure or management failure in Higher Education.
• Understanding what might persuade Government to let a university fail as they did a hospital trust
Online participating teams and viewers will be able to send in questions before and during the live stream.
The Programme will then be available On Demand for those who cannot make the live stream. Register to watch online here or RSVP below.
Who should participate and view this programme
- Chairs of University Governors,
- University Governors
- University Secretaries & Legal managers
- Finance Directors
- Student Union Presidents and Managers
- Directors of Estates
- Directors of Strategy
- Directors of Policy
The Education Studiopaul.firstname.lastname@example.org
Eversheds Sutherland1 Wood Street, London EC2V 7WS