The final chapter of the BIS consultation on the regulatory framework for higher education touches briefly on the issue of the corporate status of institutions, perhaps brought to the fore again by many alternative providers having the company model for their legal status.  It should be noted here that the question of charitable status is different to the corporate status of a legal entity.  Although there can be some frustrations for management and governing bodies arising from conducting a higher education body through a statutory or chartered corporation, for example needing to ensure that all those contracting with them (and financing them) understand the scope of their powers as a certain type of corporation, the argument often put forward about changing legal status in this area is more one of perceptions: will outside bodies, including potential governors, see a higher education body as an innovative, modern organisation when its constitutional basis is rather different to the well-understand model of a limited company?  Some governors (as charity trustees) may feel reluctant to be involved, or more risk-averse - when they do not understand the scope of their role and liabilities so easily compared to the role they may play as non-executive directors of limited companies.