when they are based on the principle that revenues must cover costs, they can turn to the banking system and the capital markets for financing to supplement their endowments, private donations and public contributions. In countries where the non-profit sector has grown to significant dimensions, its enterprises compete with commercial firms in the product markets and in the market for financial resources.
A formal mediation mechanism could be considered to provide host supervisors a way to appeal against decision-making by the college or the lead supervisor. Besides more effective supervision, lead supervision will also promote greater efficiency. The financial sector’s strong support for this supervisory model underscores this.