Our governance

皇冠体育app Student Loans Company (SLC) is an executive non-departmental public body.

Student Loans Company Limited (SLC) was incorporated as a private limited company in 1989 and started trading in 1990.

In addition to being subject to the provisions of the Companies Acts, SLC is required to operate within the limits of a framework document between the company and the government.

SLC is owned by the Secretary of State for Education, the Scottish Ministers, the Welsh Ministers and the Minister for the Economy in Northern Ireland. It is entirely government-funded and non-profit making.

SLC Main Board

皇冠体育app role of the Main Board is to:

  • set the strategic direction of the company within the policies and business framework set by ministers
  • oversee the effective and efficient discharge of the company鈥檚 statutory responsibilities
  • ensure that appropriate strategic, corporate, operating and financial plans are in place for the delivery of services required of the company by ministers
  • ensure the company acts in accordance with ministers鈥� policies and does not operate beyond directions issued by ministers
  • ensure the company meets the Companies Act statutory and regulatory responsibilities, including those for corporate governance. 皇冠体育app Board should ensure that the highest standards of corporate governance are observed
  • give advice as sought by ministers on policy formulation and on the most effective and efficient delivery of policies
  • respond effectively to the varying demands of different partners imposed by devolution and private sector clients

Board membership

皇冠体育app Board is comprised of executive and non executive directors.

Non executive chair

Peter Lauener

Non executive directors

Company directors

Company Secretary

皇冠体育app Main Board meets eight times a year. Minutes are available from each meeting in the SLC Board meeting minutes collection page.

Executive Leadership Team

皇冠体育app Executive Leadership Team is responsible for controlling and monitoring SLC鈥檚 operational and financial management. It sets the strategic and business priorities and objectives in line with strategies set out by its stakeholders and it oversees SLC鈥檚 capacity and capability to meet them in terms of available resource. 皇冠体育app Executive Leadership Team is supported by sub-groups, while decisions on reserved matters are subject to approval at Board or Executive Leadership Team level as appropriate.

皇冠体育app members of the Executive Leadership Team are:

Audit and Risk Committee (ARC)

皇冠体育app ARC supports the Board on matters relating to internal control and governance and associated assurance matters, in accordance with Public Sector Internal Audit Standards.

皇冠体育app members of this committee are:

Remuneration Committee (RemCo)

皇冠体育app RemCo supports the Board on the appointment and remuneration of members of the Executive Leadership Team, including the CEO.

皇冠体育app members of this committee are:

Transformation Oversight Committee (TOC)

皇冠体育app members of this committee are:

Stakeholder Working Groups

SLC has established a number of stakeholder working groups to share knowledge and expertise with the aim of improving our services and strategic areas of our business.

Our working groups are:

Stakeholder Forum

Student Finance Stakeholders Operations Group

Vulnerable Students Stakeholders Group

Disabled Students Stakeholders Group

Advanced Learner Loans Stakeholders Group

Higher Education Bursaries and Scholarship Scheme Steering Group

Contents