Members and Directors
The members are akin to the shareholders of a company. They have ultimate control over the academy trust, with the ability to appoint the Foundation Directors and the right to amend the trust’s articles of association. Within our Diocese the members are usually the Bishop and Diocesan Officers.
The Directors are responsible for the same three core governance functions performed by the governing body in a VA school: setting the direction, holding the headteacher to account and ensuring financial probity. As charity trustees, they must also ensure that they are complying with charity law requirements. Academy trusts are charitable companies and the trustees are company directors and must comply with company law requirements. This may sound daunting, but, in reality, the duties are largely the same as those of a governor of a VA school, such as regularly attending meetings, managing conflicts of interest, seeking advice from the academy’s leadership team and ensuring the academy has appropriate procedures in place for reporting financial information.
None of the staff of the Trust are Directors, and none of the Directors are Members.