The role includes serving on the Royal Academy’s main governing body as a trustee/director; the Royal Academy Council. The individual will also chair the Audit & Risk Committee and be a member (ex officio) of both the Finance & Performance Committee and the Ethics Advisory Group.
The RA Council is the main governing body of the Royal Academy. Its Trustees and Directors are collectively responsible for setting the strategic direction of the Academy, acting in the best interests of the charity, making key decisions and overseeing how it is run. The Council consists of 13 ‘Royal Academicians’, and up to three ‘external’ individuals (who are not Royal Academicians) and the President of the Royal Academy.
The Royal Academicians are practising painters, sculptors, architects, engravers, printmakers and draughters elected by their peers for their distinction as artists. There are up to 100 Royal Academicians who form the General Assembly and a number of Senior Academicians who remain active stakeholders. Royal Academicians and Senior Academicians constitute the membership of the Royal Academy as a company and charity.
There are five ‘core’ Committees which assist Council in carrying out its fiduciary responsibilities: Finance & Performance; Audit & Risk; People & Remuneration; RA Schools; and Exhibitions & Displays. Members of each Committee include Royal Academicians and external members with relevant professional expertise.
The Audit & Risk Committee is a committee of General Assembly, which reports its ongoing work to Council and General Assembly. The Committee provides assurance to Council that there is an effective framework in place for risk management and internal controls, including internal and external audit. It also oversees the preparation and review of the draft content of the RA Annual Report and Accounts. More specifically, the Committee’s responsibilities include reviewing/overseeing and making recommendations in the following areas:
- Risk management framework - understanding the key risks facing the RA and contributing judgments on the significance of each risk and the effectiveness of controls, assurance, and mitigating actions
- Insurance arrangements
- Appointment, performance and dismissal of internal auditors and the internal audit workplan
- Health & safety
- Security and maintenance of the RA’s assets, including buildings
- Major capital development projects, working with relevant project boards / steering committees
- Security, care, and conservation of the RA’s Collection
- Appointment, re-appointment and removal of external auditors and external audit plans.
- RA’s Annual Report and Accounts
- Whistleblowing, anti-fraud, and anti-bribery
- Data protection and security
The Chair of the Audit & Risk Committee is also a member, ex officio, of two other key governance bodies. The first is the Finance & Performance Committee, which is chaired by the Royal Academy Treasurer; it oversees and scrutinises the financial integrity and performance of the RA on behalf of Council. The second is the Ethics Advisory Group, which provides advice and recommendations to the Council of the RA, together with the Boards of the Friends of the Royal Academy and the Royal Academy Trust, on the acceptance of potential donations, gifts and sponsorships in accordance with the RA’s Gift Acceptance Policy.
The External Member of Council assumes a critical leadership role within the organisation at a time when the arts in the UK have come under increasingly challenging pressures. This position provides an exceptional opportunity to join the RA and play a key role in driving forward its strategy.