Public value governance
As part of our strategic shift, we wish to act as both thought leaders and role models in developing a strong and progressive approach to business school governance that is based on the delivery of economic and social value.
The starting point is a clear recognition of our responsibility to financially support the University and wider economy. We deliver this in spades; our financial contribution to Cardiff University has increased by 260% since 2012, and our annual impact on the wider economy is estimated to have reached £200 million in 2016.
Alongside the strong economic contribution of our public value model, we have changed our approach to the governance of our own organisation to incorporate a series of innovative and progressive structures and processes.
- establishing the Shadow Management Board (SMB) to invite more diverse participation in the School's decision-making
- a commitment to interdisciplinary and challenge-led scholarship as an essential criteria within our hiring criteria
- creating a new professional services reward and recognition scheme where public value is one of the judging criteria.
Embedding public value in to our own governance and structures reflects our commitment to be doers, as well as enablers, ensuring that we are improving social and economic conditions from the inside out.