The second Let's Talk Value event will look at the continuing the dialogue about value and looking through the lens of of integrated thinking and reporting – a strategic approach to communicating how an organisation uses resources to create value for its stakeholders beyond their financial inputs. This one-day symposium will discuss new developments, challenges and progress in how institutions communicate and report the value created through all their activities education and research.
We will showcase insights from beyond HE and debate some critical issues to challenge HE leaders to be more holistic and to demonstrate, beyond financial, the value that universities create for students, society and the economy. It will consider how institutional strategies, such as sustainability, knowledge exchange and the effective use of resources can help senior leaders (both professional and academic), to demonstrate value and make better decisions for sustainable success.
We will hear from some universities who have, and are looking at, ‘value’ using a multi-capitals approach such as integrated reporting (a principles-based framework), as a lens to help them navigate the changing expectations of different stakeholders and to better articulate and demonstrate the value they create for all stakeholders. The re-thinking of value by this pathfinder group of universities has shown some real insights on how to tackle the current challenges around perceptions of value and communicating how higher education creates value.
Even though universities are primarily about people, ideas and relationships, management focus is often on financial performance and inputs rather than outputs and outcomes. Thinking in a more integrated way brings stakeholders of a university onto the same level playing field when it comes to understanding impacts and outcomes. This is much deeper and wider than value for money – it is about understanding the relationships between the resources available to a university, the stakeholders impacted by the activities of the institution and the consequent creation (or destruction) of value across all activities.
Topics covered will include:
- Communicating value, insights from outside the sector and understanding what stakeholders want to hear
- Integrating the sustainability strategy
- Beyond the balance sheet and understanding what it means to be transparent
Plenary Panel Session
We will end the day with a plenary panel session to debate the value of HE to all stakeholders with David Sweeney from UKRI and Dr Joe Marshall from NCUB.
After studying Statistics at the University of Aberdeen, David worked at two BBSRC research institutes, as a consultant statistician. David was a Director at Royal Holloway, University of London, before moving into university leadership as Vice-Principal in 2004.
He joined HEFCE in 2008 as Director and led the development and implementation of the first Research Excellence Framework. He was responsible for research policy and funding, knowledge exchange and university/business relations.
In May 2017 he was appointed the first Executive Chair of Research England which is one of the nine research councils that forms UK Research and Innovation. Research England is biggest research funder in the UK with responsibility for university block-grant funding for research and knowledge exchange.
David was awarded an honorary doctorate from the University of Aberdeen in 2012, was Vice-Chancellor’s Fellow at the University of Newcastle, NSW in 2015 and is a Fellow of the Royal Statistical Society.
Monica has broad and extensive experience in both executive and non-executive roles across the Technology, Media and Telecommunications (TMT) space.
Previous roles include Chair of the British Board of Film Classification Advisory Group; a member of the British Academy of Film and Television Arts (BAFTA) Digital Communications Board; Industry Trust for Intellectual Property Awareness; Non-Executive Director at Voddess Portal Ltd and Non-Executive Director at Obviously Creative Ltd. Her last executive position was as CEO of MyMovies.Net Ltd, a UK market-leading service delivery company that aggregated, curated and monetised content for retail, internet service providers and mobile networks.
Currently Monica is Vice Chair of Queen Mary University of London where she also chairs the Remuneration Committee; Chair of the British Independent Film Awards Advisory Board; Advisor to the European Women’s Leadership Programme in Cinema; Advisor to Onboarding Officers which is an accelerated Non-Executive Director Programme for exiting military officers; and a member of the All-Party Parliamentary Group for AI. She regularly undertakes freelance speaking, coaching and consultancy engagements.
Monica was appointed an ambassador for Women on Boards in 2018 and a ‘Super NED’ by FDS Director Services and the University of Salford in the same year. She was recognised in the 2019 Female FTSE Board Report as one of the top 50 Women to Watch in the UK.
Dr Joe Marshall is Chief Executive of the National Centre for Universities and Business, a higher education and industry network committed to enhancing the impact of university-business collaboration.
An academic specialising in government education policy and practice, he was a researcher at the University of Manchester and held senior lectureship positions at Liverpool Hope University and the University of Worcester. Before joining NCUB, Joe held senior positions at UNESCO, the World Health Organisation, UK Sport and the London 2012 Olympic and Paralympic Games.