Governance at Istituto Marangoni London

The Board of Directors provides leadership, strategic direction and scrutiny to enable the School to achieve its purpose of creating and supporting extraordinary
graduates, practitioners and work across fashion, design and arts. Its remit is set out within the Company Articles of Association and the Board’s Statement of
Primary Responsibilities. The powers of the Company, the approval of the annual financial statements and accounts, the financial solvency and safeguarding of its
assets are specifically reserved for the Board’s own decision making and cannot be delegated to other Board committees.

The Board of Directors is responsible for the overall management of the Company and consists of a combination of Executive and Independent, Non-Executive
Directors. In summary, the Board’s role and responsibilities include the following:

• to determine the educational character and mission and oversee its activities;
• to ensure the solvency of the Company and safeguard its assets;
• to approve annual estimates of income and expenditure;
• to ensure the company meets its legal and regulatory responsibilities including matters relating to health and safety, employment, bribery by having a robust framework to enable the Company fulfil those responsibilities;
• to ensure appropriate arrangements are in place for the oversight of academic standards and the quality of the student experience including OfS conditions of registration.

The Board of Directors has established and is supported by the following Board committees to support it in the execution of its duties and responsibilities:

• Academic Board
• Audit and Risk Committee
• Finance and Resources Committee
• Nominations Committee

Each of these Committees is chaired by one of the Board’s Independent Non-Executive Directors and has delegated responsibility for detailed aspects of governance.
The Board of Directors and its sub-committees include an appropriately balanced membership of internal company Directors and external (Non-Executive Directors
or Independent External) members.

The following sections contain information on the governance structure, including the Board of Directors and the Committees that support its work, as well as the
corporate documents that guide the School and the policies and regulations that underpin Istituto Marangoni London’s governance.