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Royal College of Nursing Governance. What is our existing structure?. Royal College of Nursing (RCN) (Body corporate with Royal Charter) comprising. Registered corporate charity: “The Charity consisting of the Property and Income of the Royal College of Nursing”
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What is our existing structure? Royal College of Nursing (RCN) (Body corporate with Royal Charter) comprising Registered corporate charity: “The Charity consisting of the Property and Income of the Royal College of Nursing” (No.276435) Trade Union “a special register body” Corporate trustee of Registered unincorporated charitable trust “The Royal College of Nursing Charitable Trust (RCNCT)” (No.273463) John Howard Nurses Home (No 212584) 3 wholly owned trading subsidiaries: 1 RCN Publishing Company Limited 2 RCN Licensing Limited 3 RCN Membership Services Limited
Legal structure from April 2010 RCN Foundation RCN Special Register Body Trade Union Charter Body registered by the Privy Council ------------------------------------- Objectives 4 Professional/Royal College Objectives I Trade Union Objective Company Limited by Guarantee RCN Sole Member ------------------------------------ Objectives 4 Professional/Royal College Objectives (same as RCN) RCN
Governance Arrangements from April 2010 RCN Charter Body RCN Foundation Separate Board of Trustees Existing Governance Structure
The Way Forward : How it will work from 1 April 2010 onwards Grants for Charitable Activities RCN Foundation RCN Charter Body Grant making body Member Subs Income Delivery of all RCN activity Investment Income Donations/ Fundraising Subsidiary Company/Trading Gift Aid Donations
Governance Arrangements from April 2011 RCN Charter Body RCN Foundation Separate Board of Trustees Revised governance structure
Why this new structure? • Is based on our current structure which values both the professional and trade union function and enhances the power of both by their working together • Has minimal Impact on:- - Services members receive - Staff delivering services • But is much clearer and easier to understand
Conclusions • Proposed new legal/governance structure: - Safeguards RCN - Professional Royal College & Trade Union - Compliant with Charities Act, Companies Act & TU Legislation - will support better decision making/ways of working