South Wales Student Union President responds to news that SU could make students liable for its debts
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The University of South Wales Students’ Union President, Megan Wilson, has responded to the news that students and graduates could be made liable in the event of the students’ union’s financial collapse.
This morning we reported how a little-known change to the university’s constitution in 2013 could make all current members of the students’ union – and those who have been members within the past year – responsible for bailing it out.
The University of South Wales reported financial losses in both 2015 and 2016. The numbers for 2017 have not yet been released.
Wilson says that "The change to our Constitution was democratically passed by Student members before ratification by the University Board of Governors in 2013. This change was driven by the incorporation of the newly formed University of South Wales Students’ Union.”
She adds: “This clause is typical of many other Students’ Unions, including, but not limited to: Durham, Sussex, Nottingham, Keele, Leeds and Oxford.
"Under Companies Law, provision for liability upon dissolution lies with members. There is no risk of the Students’ Union being dissolved with both the University and Students’ Union Trustee Board confident in the financial management and the long-term sustainability of the organisation.
“The Education Act 1994 bestows membership of a Students’ Union upon all students with the right to opt-out if they wish, as is the legal requirement for all Students’ Unions.
"We review our Constitution every five years, as such, 2018 is our Constitutional review year and we invite all members to engage with us in this process."
Read our original piece here.Image credit: Pwimageglow