1. The University accepts with deep gratitude the endowment provided by the Imperial Cancer Research Fund to be held on the trusts declared in this regulation. Further money or property may be paid or transferred to the University as either expendable or permanent endowment to be held on the same trusts. The assets so held will be known as the Cancer Research UK Professor of Medical Oncology Fund (“the Fund”).
2. The University shall retain as permanent endowment those of the assets of the Fund which are contributed on the express understanding that they are to be treated as permanent endowment (“the Permanent Endowment”).
3. The University shall (a) apply the income of the Permanent Endowment; and (b) apply the income and, in its discretion, the capital of the remainder of the Fund, to the establishment and maintenance of the post of Cancer Research UK Professor of Medical Oncology (“the professor”) and the provision of supporting expenditure for that post. The first call on the fund shall be the salary and expenses of the Professor and associated overheads.
4. The administration of the Fund, and the application of its income shall be the responsibility of the Medical Sciences Board.
5. The professor shall be elected by an electoral board consisting of:
(1) the Vice-Chancellor, or their nominee;
(2) the head of the college to which the professorship shall be for the time being allocated by Council under any regulation in that behalf, or, if the head is unable or unwilling to act, a person appointed by the governing body of the college;
(3) a person appointed by the governing body of the college specified in paragraph (2) above;
(4), (5) two persons appointed by Council, one appointed in agreement with Cancer Research UK;
(6)–(9) four persons appointed by the Medical Sciences Board;
(10) a person appointed by the body or bodies which may issue an honorary clinical contract or contracts to the professor.
At least three members of the board, of whom one shall be a professor, shall hold clinical appointments.
6. The professor shall hold their appointment in a department to be designated from time to time by the Medical Sciences Board in agreement with Cancer Research UK. The professor shall undertake research, lecture, and give instruction in Medical Oncology.
7. The professor shall be subject to the General Provisions of the regulations concerning the duties of professors and to those Particular Provisions of the same regulations which are applicable to this chair.
8. The University shall have power to pay out of the capital or the income of the Fund all costs of and incidental to the creation of the Fund and the management and administration of the Fund and the Scholarship/Professorship.
9. The University may exercise any of its corporate powers in the management and administration of the Fund in so far as those powers are not inconsistent with these regulations.
10. Regulations 1-4 and 8-12 shall be deemed to be Trust Regulations under the provisions of Part D of Statute XVI.
11. Subject to regulation 12 and the consent of Cancer Research UK, Council may amend, repeal or add to these regulations in accordance with Part D of Statute XVI, but no amendment is valid if it would cause the Fund to:
(1) cease to be exclusively charitable according to the law of England and Wales; or
(2) be outside the objects of the University.
12. Any amendment to the main objects of the Fund for the purposes of Part D of Statute XVI, as set out in regulation 3, and must be approved both by Congregation of the University and subsequently by His Majesty in Council.
