Peter Symonds College is an independent Corporation (the Board of Governors) with exempt charitable status. The Instrument and Articles of Association set down its powers, membership, role and responsibilities. Most of the College’s provision is funded by the Learning and Skills Council, and the Instrument and Articles are supplemented by the Funding Council’s Financial Memorandum and Audit Code of Practice, as well as law relating to employment, equality and diversity, health and safety.
The Board of Governors is similar to a board of non-executive directors. The Instrument and Articles of Association specify a maximum of 20 Governors for the College. Governors do not represent any particular interests, but the Board is required to include in its number a minimum of two members of the staff, two parents, two student, three Foundation governors (two nominated from the Trustees of Christes Hospitall and one from Winchester Diocese) and the Principal. The Principal is a member ex officio and the only executive member. In addition the College invites, from time to time, individuals with specific skills or experience to serve relevant committees as a co-opted member: these individuals are not governors.
The College has established close links with the Mercers' Company, which is the premier livery Company of the City of London, of which the first Peter Symonds was a member, and the Board of Governors currently includes two nominees from that company.
The Board of Governors generally meets six times each year, and there are seven standing committees which meet regularly, or as required namely: