It would include a range of A-levels, with an expectation that pupils would study a less narrow selection of subjects - such as studying sciences with an artssubject.
They also recommend that students should study a wider range of subjects, following the example of Singapore where students who study arts or humanities must also take a maths or science subject.
The borough said it would now consult with the Museums Association and Arts Council England on whether an auction was the best way forward, subject to the statue reaching its reserve price.