The Guardian: Cambridge dons retain control of university
Funding council insists they provide more information about how they spend their money
The government’s university funding body has backed away from efforts to force Cambridge to end its centuries-old tradition of academics running the institution themselves.
The ancient university has agreed to provide more information to account for the public money it receives from the Higher Education Funding Council for England (Hefce) — more than £181m in the coming year — but has resisted pressure to have a majority of external members on its governing council.