Subsidiaries Management Group

• To appraise the Vice-Chancellor and President of all material developments relating to the operational performance and governance of the University’s subsidiaries and joint ventures and to act as a conduit for effective decision-making.
• To monitor and scrutinise the subsidiary companies and joint ventures, and to set appropriate long term performance targets.
• To provide regular reports to the University Executive Board and the Finance Committee on the performance of the University’s subsidiary companies and joint ventures.
• To make recommendations to the Vice-Chancellor and President regarding the creation, disposal or winding up of subsidiary companies and joint ventures.
• To make recommendations to the Vice-Chancellor and President regarding University-nominated directors of subsidiary companies and joint ventures.
• To set limits for local capital investment approval for all subsidiaries and joint ventures.
• To consider and make recommendations to the Finance Committee regarding the external borrowing limits on subsidiaries and joint ventures.
• To review periodically the capital requirements of subsidiaries and joint ventures, and make recommendations relating to their potential inclusion in the University’s capital programme.
• To monitor the support needs of the subsidiary companies and joint ventures respect to HR and Finance functions.
• To annually review the strategic direction of the University’s subsidiary companies, joint ventures and associates and their contribution to the University’s overall strategy.
• To annually review the rationale behind the University’s involvement in all associate companies.
• A Sub-Group of two members of the Subsidiaries Management Group to approve directors of subsidiary companies and joint ventures for the Group outside of its meetings. The Sub-Group is always to include either the Deputy Finance Director or the Chief Financial and Operating Officer.

• Nigel Alcock, Chief Financial and Operating Officer
• Professor Ken Badcock, Deputy Vice-Chancellor (Chair)
• Ali Henley-Jones, Deputy Director of Finance
• Justine Daniels, Director of Research, Innovation and Knowledge Exchange
• Matthew Dearlove, Subsidiaries Accountant, Tax and Subsidiary Companies
• Karen Jones, Finance Business Partner, Professional Services
• Professor Karen Rowlingson, Dean of the Faculty of Social Sciences
• Sarah Thompson, Pro-Vice-Chancellor (Research)
• Helen Selvidge, Assistant Director of Human Resources (Specialist Services)
• Lisa Woods, Director of Accommodation, Campus and Commercial Services

In attendance

• Catherine Browne, PS Central Admin Manager (Secretary)
• Owen Trotter, Lay member of Council

Quoracy

The quorum shall be one third of members of the Committee.

Subsidiaries Management Group meets five times a year. 

2025/26

The minutes from Subsidiaries Management Group's meetings are submitted to the University Executive Board and exceptional matters related to risks and opportunities are reported to Finance and Policy Committee for information, comment, guidance and approval.

For ease of reference companies covered by the Subsidiaries Management Group will be grouped under six broad classifications:

1. Third party traders: Subsidiaries whose business is principally focused on trading externally
2. Intra-group traders: Trading subsidiaries that deliver services mainly to the University itself
3. Others
4. Joint ventures
5. Associates
6. Spin-outs: Companies developed out of intellectual property by the University of York's academic staff and in which the University retains a share-holding.