the effective board the role key stakeholders legal structure duties decision-making preparing for...
TRANSCRIPT
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The Effective Board
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the role
key stakeholders
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
chairing
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why are we here…?
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the role
key stakeholders
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
chairing
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key stakeholders
• who are they?
• positive things
• negative things
• score out of ten
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the role
key stakeholders
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
chairing
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legal structure
• members
• governors
• executive
• secretary
• committees
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members
• signatories to the Memorandum
• DfE appointee
• chair of governors
• member invitees
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members• receive accounts
• appoint auditors
• amend the constitution
• change the name
• wind-up the company
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governors
• staff
• local authority
• parents
• headteacher
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governors
• board of the company
• overall strategy
• finances
• performance monitoring
• risk management
• legal compliance
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executive
• headteacher and team
• day-to-day operations
• carrying on the business of the company
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secretary
• formal statutory role
• notices, minutes and records
• company returns
• the ‘oil in the engine’
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committees
• finance, HR, school improvements, etc
• committee structure
• recommendation or delegated powers?
• reporting
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the role
key stakeholders
chairing
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
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duties
• constitutional
• fiduciary
• charity law
• statutory
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constitution
• memorandum and articles
• objects and powers
• internal rule-book
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fiduciary
• good faith
• skill and care
• within our powers
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good faith
• best interests of company
• use of company property
• conflicts of interest
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skill and care
• two levels
• sensible and careful business person
• specialist knowledge and experience
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within powers
• company constitution
• delegation
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charity law
• regulated by DfE• objects• trading• remuneration• gift aid scheme
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statute
• insolvency
• health & safety
• Companies Act 2006
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insolvency
• wrongful trading
• fraudulent trading
• preferences
• transaction at undervalue
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corporate manslaughter
• Health and Safety Act 1974
• Corporate Manslaughter Act 2007
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the 1974 Act
• principal duty on employer
• directors can be liable
• consent, connivance or neglect
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the 2007 Act
• failure in management or organisation
• gross breach
• fines and publicity order
• corporate liability
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Companies Act 2006
• statutory Code of Conduct
• seven duties
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the seven duties
• act within powers
• exercise independent judgement
• promote success of the company
• exercise reasonable care, skill and diligence
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the seven duties
• not accept benefits from third parties
• avoid conflicts of interest
• declare interests
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independent judgement
• can’t just rely on Executive and advisers
• need to take advice
• question and challenge
• use common sense
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promoting success
• good faith
• positive duty
• directors’ decisions
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avoiding conflicts
• what are they?
• why is this important?
• how should we deal with them?
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avoiding conflicts
• be aware
• declare
• debate?
• vote?
• resign?
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the role
key stakeholders
chairing
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
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decision-making
• long term impact• employees• suppliers and customers• community• environment• high standards of business conduct
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Quiz time!!!
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the role
key stakeholders
chairing
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
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the obstacles
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preparing for Board Meetings
• speed reading
• research
• speaking to others
• incisive questions
• write something down
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the role
key stakeholders
legal structure
duties decision-making
preparing for Board Meetings
START
FINISH
chairing
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chairing
• setting the agenda
• facilitating the debate
• follow-up action
chairing
• recruitment
• dealing with difficult behaviours
• succession planning
• promoting the academy
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The Effective Board