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Boards of directors are assumed to exercise three key accountability roles – control, monitoring and oversight roles. By researching one board type – investment fund boards – and the power relations around those boards, the purpose of this paper is to show that such boards are not capable of operating the three key roles assumed of them.

The authors conducted 25 in-depth interviews and a focus group session with investment fund directors applying a grounded theory methodology.

Because of their unique position of power, the authors find that fund promoter organisations (that establish and attract investors to the funds) exercise control and monitoring roles. As a result, contrary to prior assumptions, oversight is the primary role of investment fund boards, rather than the control role or monitoring role associated with corporate boards. The findings can be extended to other board-of-director contexts in which boards (e.g. subsidiary boards, boards of state-owned entities) have legal responsibility but limited power because of power exercised by other parties such as large shareholders.

Shareholders and regulators generally assume boards exercise control and monitoring roles. This can lead to an expectations gap on the part of shareholders and regulators who may not consider the practical realities in which boards operate. This expectations gap compromises the very objective of governance – investor protection.

Based on interviews with investment fund directors, the authors challenge the control-role theory of investment fund boards of directors. Building on our findings, and following subsequent conceptual engagement with the literature, the authors differentiate control, monitoring and oversight roles, terms which are often used interchangeably in prior research. The authors distinguish between the three terms on the basis of the level of influence implied by each.

The purpose of this paper is to outline the curriculum of the UK’s first MSc in Gastronomy. The programme supports an interdisciplinary approach to understanding food not yet commonly found in academia or beyond. However, it is increasingly recognized that such a perspective, as fostered by the MSc Gastronomy, may be key in effectively addressing complex contemporary problems within food culture and food systems.

This is a viewpoint paper that explains the rationale behind the chosen definition of Gastronomy, the context that inspired creation of the programme, an outline of the programme structure and justification of content.

The underpinning philosophy stems from a conviction that to address problems of corrupt food systems and problematic societal foodways, a more comprehensive understanding of food is needed. The programme seeks to cultivate this with a truly interdisciplinary approach to the study of food culture and food systems. This approach is recognized as an underrepresented area in academia where the study of food currently tends to be compartmentalized; a reductionist approach also mirrored within politics, commerce and our everyday lives. The MSc Gastronomy investigates how to foster and make commonplace, a more holistic and realistic understanding of food.

The MSc Gastronomy has been shaped by an understanding that a more comprehensive knowledge of food is required if contemporary problems within the food system are to be effectively addressed. To achieve this, the programme adopts an interdisciplinary approach to studying food only upheld by a small number of other academic institutions. It is the first of its kind in the UK, responding most closely to the specific cultural and political dynamics of Scotland’s food culture.

OUR readers do not need the reminder that 1952 is the 75th year of Library Association history. Some opportunity may be found at the Bournemouth Conference to celebrate this fact, in however modest a manner. The American Library Association, older by a year, celebrated its anniversary at Philadelphia last October, on which occasion Mr. F. G. B. Hutchings represented this country and spoke at a luncheon meeting to three hundred of the guests with acceptance. That celebration, however, appears to us to have been most significant for the comment on the Carnegie library gifts which was made by Mr. Ralph Munn, librarian of Pittsburgh Carnegie Library, in some ways the most spectacular one founded by the great Scot. Munn said:—

THE Reference Department of Paisley Central Library today occupies the room which was the original Public Library built in 1870 and opened to the public in April 1871. Since that date two extensions to the building have taken place. The first, in 1882, provided a separate room for both Reference and Lending libraries; the second, opened in 1938, provided a new Children's Department. Together with the original cost of the building, these extensions were entirely financed by Sir Peter Coats, James Coats of Auchendrane and Daniel Coats respectively. The people of Paisley indeed owe much to this one family, whose generosity was great. They not only provided the capital required but continued to donate many useful and often extremely valuable works of reference over the many years that followed. In 1975 Paisley Library was incorporated in the new Renfrew District library service.

The purpose of this paper is to present a brief analytical summary of the current downturn in the UK housing sector. It then aims to ask whether the severity of the slowdown and its eventual consequences have been exacerbated by key aspects of housing and welfare policy.

The paper examines: the promotion of property as an investment by successive UK governments since the Second World War; how the investment emphasis of policy enabled the promotion and growth of private rental partly funded through buy‐to‐let mortgages – a new financial product that allows individuals to take out a mortgage on a property for letting purposes; the expansion of cheap credit, due in part to the burgeoning securitised lending sector drawing heavily on housing equity (the decline of which is implicated in the current economic downturn); and reforms of the welfare system in the mid 1990s that have severely weakened the safety net for low‐income mortgage borrowers who are most vulnerable to market turbulence.

It was found that there are wider questions to be asked of the current downturn than how deep or how long the current recession will be. More important questions relate to the role that housing policy has played in exacerbating volatility and the future implications for modernizing housing policy.

The paper identifies a number of key research questions that follow from the analysis regarding the winners and losers of homeownership and the concomitant implications for policy.

The paper identifies areas of government failure relevant to the current crisis and knowledge gaps that need to be addressed in order to develop a coherent evidence base on which to base future reform of housing policy. As such, the findings will be of interest to policy makers and housing researchers.

People who have used mental health services in Scotland have the lowest employment rates of all working ages, despite a national programme for mental health and well‐being that provides significant investment in anti‐stigma initiatives and employment support services. This paper qualitatively identifies barriers to employment from the perspectives of people who have experienced mental health issues by conducting in‐depth focus groups with 20 people who have experienced mental health issues undertaken through collaborative research involving people who have experienced mental health issues alongside practitioners and academics. Researchers who have experienced mental health issues instigated and determined the direction, execution and dissemination of the study. The findings add to the growing evidence base outlining the complex and interlinked barriers to employment which include previous experience of workplace discrimination, financial uncertainty, disclosure concerns, quality of jobs available and the potential of work at times to worsen mental health conditions. Despite this, most participants expressed hopefulness and resilience. Many wanted paid work and outlined practical steps that employers can take in terms of recruitment and retention. However, participants also stressed the equal importance of voluntary work and not just as a step to paid employment. A multiple‐perspectives approach provides important insights into the complex and sensitive policy area of mental health and employment. Meaningful involvement of people who have used mental health services should be a central aspect of further research that aims to understand and address these barriers. This study has shaped the development of a national service user research consortium in Scotland.

This paper aims to highlight the unique characteristics and homogeneity of the Canadian accredited programs in library and information studies compared with those programs in the USA.

Each year the Association for Library and Information Science (ALISE) collects statistics from accredited graduate programs. By disaggregating the American and Canadian information and limiting the data to the accredited degree program only, comparisons could be drawn between the two data sets. The generalizations and themes were then validated by comparison with the recent history of development of Canadian schools.

The history of development of Canadian graduate programs and the national context has resulted in programs that are more homogenous than diverse. The programs are housed in public research institutions, with competition for spaces. The students are full‐time, studying a curriculum with more required courses. Faculty have more time for research. Access is an issue. The profession is generally satisfied, but points to inadequacies in education for management and favors more internships.

While commenting on developments and trends the report relies primarily on three secondary sources, thus creating a snapshot.

The separation of Canadian and American models allows for greater attention to national approaches providing a beginning point for discussion, analysis and suggestions for further study.

This paper is based on a presentation to the ALA President's Forum on International Library Education in June, 2006. Both American and Canadian participants demonstrated limited knowledge of the subject and urged publication. No such explication has appeared previously.

THIS number will appear at the beginning of the Leeds Conference. Although there is no evidence that the attendance will surpass the record attendance registered at the Birmingham Conference, there is every reason to believe that the attendance at Leeds will be very large. The year is one of importance in the history of the city, for it has marked the 300th anniversary of its charter. We hope that some of the festival spirit will survive into the week of the Conference. As a contributor has suggested on another page, we hope that all librarians who attend will do so with the determination to make the Conference one of the friendliest possible character. It has occasionally been pointed out that as the Association grows older it is liable to become more stilted and formal; that institutions and people become standardized and less dynamic. This, if it were true, would be a great pity.

The purposes of this paper are to address the following research questions: what are the factors that result in promotions? A preliminary formula for promotion with testable hypotheses will be presented. What would be a “popular press” list of the formula? A list will be presented to address practitioners concerns. What elements would a human resources management (HRM) model that supports “open‐book strategic partnering” contain? An ideal HRM model, which will be linked to the promotional formula, is presented.

The approach to addressing these questions begins by examining and categorizing thousands of promotional decisions. The approach continues with an analysis of the popular press writings and academic literature related to HRM models and managerial promotions.

The findings and writings displayed in the formula and model are blended with the authors' experience to produce a soundly‐based theoretical and practically useful paper.

The uniqueness of this paper is the combination of the results of years of data from professionals and hundreds of working MBA students with popular press guidelines and research oriented literature to produces a testable individual promotional formula and a supporting organizational HRM model. The paper's incremental value lies in the introduction of comprehensive sets of facts and suppositions useful as foundations for empirical testing and further research as well as in providing practical implications for those seeking promotions or desiring to improve the way organizations' human resources are led.