The role of trustees
KET is a charitable company and so trustees are both charity trustees (within the terms of section 177(1) of the Charities Act 2011) and company directors. Together the trustees form the Trust Board.
The Trust Board is responsible for the general control and management of the administration of the trust, and in accordance with the provisions set out in the memorandum and articles of association and its funding agreement, it is legally responsible and accountable for all statutory functions, for the performance of all schools within the trust, and must approve a written scheme of delegation of financial powers that maintains robust internal control arrangements.
In addition, the Trust Board must carry out the three core governance functions:
- Ensure clarity of vision, ethos and strategic direction
- Hold the executive to account for the educational performance of the trust’s schools and their pupils, and the performance management of staff
- Oversee the financial performance of the trust and make sure its money is well spent