Governance and Management

Strategic decision-making lies with the governing body, referred to as the Provost and Fellows, who normally meet twice each term at Eton.   They devote the previous evening to activity that deepens their knowledge of the School and of issues of current importance, perhaps by means of a departmental presentation, perhaps discussion with a particular group of Masters, perhaps a private dinner for wide-ranging discussion.  

 

The Provost and Vice-Provost reside at the College.   This unusual feature of governance at Eton provides for close awareness at governor level of issues affecting the School, and for support of the Head Master.   

 

The Head Master is responsible to the Provost and Fellows for the management of the School “… and shall superintend the instruction of all boys…”   The Bursar is responsible for the property and non-educational administration of the College (this being a term used to embrace the affairs of the College as a whole, including its endowments, as well as the School within it).   The Director of Finance has the care of the income and expenditure of the College, its investments, and trading activities.   The Bursar and Director of Finance are responsible to the Head Master in the area of ‘School activities’ and to the Provost and Fellows in the areas of ‘trading activities’ and ‘investment activities’.   The Head Master, Bursar and Director of Finance attend the Fellows’ meetings and provide written reports for their attention.

 

The Financial Strategy Committee – a sub-committee of the Provost and Fellows – gives particular consideration to the strategic financial direction of the College and receives endowment investment advice from a group of expert Old Etonians. There is an Audit and Risk Committee and a Senior Staff Salaries Committee.   A Staff Remuneration Group of two Fellows, the Head Master, Bursar and Director of Finance reviews the salaries of teaching and support staff in consultation with an elected group of Masters.   The Bursars (there being in addition to the Bursar and Director of Finance a School Bursar, a Buildings Bursar, an Estates Manager and a Personnel Bursar) work closely and constantly with the Head Master, the Lower Master, the Director of Curriculum, the Senior Tutor and the Director of Administration & IT.   Within the School, committees composed of Masters and administered by the Bursary consider budgets for teaching, sports, welfare, premises and administration.   Those committees’ recommendations are channelled to the Provost and Fellows through the School’s Finance Committee, chaired by the Head Master. A range of other committees of Masters deal with matters such as curriculum and Health & Safety under frameworks established by the Head Master or Provost and Fellows.   Eton’s organisation is distinguished both by the involvement of many Masters in decision-making processes, and by the associated delegation of budgetary responsibilities to the lowest practical levels. The Provost and Vice-Provost form, with the Bursars and Director of Finance, a ‘Resident Committee’ of the Provost and Fellows that deals with many aspects of routine College business. This arrangement provides for rapid consultation and communication.