About Us

OUR BOARD OF GOVERNORS

Our Board of Governors, which currently comprises 10 members including the Principal and CEO, has overall responsibility for the Academy, with strategic responsibilities that include:

  • Ensuring clarity of vision, ethos and strategic direction;
  • The educational performance of the Academy and its students’ progress;
  • Overseeing the financial performance of the Academy, ensuring excellent value for money; and
  • The safety and wellbeing of its staff and students.

A key strength of the Board is that it comprises a mix of educationalists, senior executives from industry and other professionals. These are non-executive roles and all Governors give their time voluntarily. 

Constitution

Fashion Retail Academy is a Company Limited by Guarantee [Company number 05507547]. It is also a Registered Charity [Number 1119540]. The FRA’s Governors are also the Directors of the Company and charity trustees. The Company’s constitution and the powers of the Board are set out in the Articles of Association. Governors are also expected to uphold the Seven Principles of Public Life (The Nolan Principles).

AUDIT COMMITTEE

  • Meets three times per year
  • Advises the Board on the adequacy and effectiveness of the Academy’s systems of internal control and its arrangements for risk management - regular review of Risk Register, and
  • Receives and scrutinises reports from the FRA’s Auditors (in-year assignments and year-end Reports & Accounts

Audit Committee Terms of Reference

Board of Governors


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