The roundtable brought together audit committee chairs to explore how universities can strengthen financial stability by reshaping the finance function, improving forecasting realism, and tackling systemic operational and strategic challenges across the sector.
Contents
The discussion highlights the disruption experienced across the sector as a result of these challenges, and what Universities are doing to stabilise operations and financial position in the meantime.
Here, Katy Doherty and Kayla Addicks share the key takeaways from the session, which was held under Chatham House Rule.
The topics discussed included:
- The changing role of finance and related infrastructure challenges
- Creating credible forecasts under extreme uncertainty
- Course viability and portfolio rationalisation
- Systems to support quality and transparency of data
- How culture and change management influence digital transformation
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Authors
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Chris Petts I am a partner within our restructuring team and have over 20 years' experience in advising corporates and stakeholders in relation to debt and strategy.View Profile -
Casper H Kaars Sijpesteijn I work in Finance Consulting, helping Directors define the role finance needs to play in their business and the changes required to let finance work well.View Profile -
Stephen Dean With over 20 years' experience, I specialize in the not-for-profit sector and have worked with various organizations ranging from charities to education bodies.View Profile -
Paul Rao I am the firm’s UK Head of Not for Profit and a member of the Global Not for Profit Leadership Team, representing the UK Not for Profit practice.View Profile