However, it said the 'extreme size and complexity' of the university's governance model was a risk, as was its growing pension liability of 364 million.

Problems often have to do with the organisation around the chief executive, or with the governance model.

At this meeting it was agreed that the best model for a newly formed national organization was a federation governance model.

The governance model provides assessment tools, information standards, organizational structures and roles and responsibilities in relation to managing information assets.

This move has provided long-term stability of the specifications and a transparent governance model.