|The Natural History Museum Annual Review 2003 | 2004|
|Introduction||The Director's Review||Our Year||World Class Science|
|Opening Up the Collection||Darwin Centre Innovation||3 Million+ Visitors||A Place for Learning|
|Working for Us||Looking Ahead||Our Supporters||Financial Review|
|Corporate Governance||Previous Years' Reports|
|(Annual Report Home - graphics and PDF)|
|We are open and accountable in the way that we run our affairs, and committed to ensuring that robust corporate governance processes are in place.|
Museum Trustees. The Natural History Museum is governed by a Board of Trustees, which establishes Museum policy, reviews performance and confirms appointments to key management positions. Minutes of the Board's meetings can be found on our website at www.nhm.ac.uk/info/ corporate/minutes/index.html. Trustees attend the annual Public Open Meeting where members of the public have the opportunity to hear about the Museum's plans and ask questions.
Of the twelve Trustees, eight are appointed by the Prime Minister, one by the Secretary of State for Culture, Media and Sport on the recommendation of the President of the Royal Society, and three by the Board of Trustees themselves. The appointments are part-time, unpaid and normally last for five years with the option of a second five-year appointment.
We welcomed two new Trustees during the year, Sir William Castell, President and CEO of GE Healthcare, and Professor Georgina Mace, Director of Science at the Zoological Society of London. They replaced Ms Jana Bennett and Professor Anne McLaren, who stepped down from the Board at the end of 2003.
The 2004 Trustees are:
Audit and assurance. Our Audit and Assurance team has a key role as a provider of risk management advice and internal audits, a service that it also supplies to the National Museum of Science and Industry. The team's work prompted a series of improvements during the year in the way that we identify, assess and manage corporate risks.
Several reviews were completed into specific aspects of the Museum's operations, including procurement, publishing, the Darwin Centre project, payroll and cash handling. In February 2004 the team was appointed to act as auditors of the SYNTHESYS project which the Museum is coordinating.