The Policy and Resources Committee was established in 1989 and contained the Finance and General Purposes Committee (LSBU/2/1/1). In 2001 the Finance Committee became a separate committee. In 2003 it was subsumed back into the Policy and Resources Committee.
The Policy and Resources Committee was a committee of the Board of Governors and advises the Board on the University's policies, its solvency and the use and safeguarding of its resources and assets. It also ensured that the University operated within the law and implemented matters delegated to it by the Board.
On 14 May 2015 the Board closed the committee as part of the governance effectiveness review.