Register of Business Interests Policy and Procedure

Transcription

1 Register of Business Interests Policy and Procedure Review by Trustees: March 2016 Adopted by Governing body of Date/Minute Ref: Next Full Review Due: March 2017 Reviewer: Director of Operations and Finance

2 Moor End Multi Academies Trust Register of Business Interests Policy and Procedure 1. Background 1.1 In line with the mandatory guidance in the EFA Academies Finance Handbook (section ), it is the Trust s policy to establish and maintain a register of pecuniary interests for all members, trustees, governors, staff in the core Trust (including committee clerks) and senior staff in each academy (defined for these purposes as the principal, their direct line management reports and any budget holders) indicating any business interests. 1.2 To avoid repetition within this document, the phrase Relevant Individuals is used to include members, trustees, governors, staff in the core Trust (including committee clerks) and senior staff in each academy (defined for these purposes as the principal, their direct line management reports and any budget holders). 1.3 The register will enable Relevant Individuals to demonstrate that in spending public money they do not benefit personally from the decisions that they make. 1.4 The maintenance of the register does not remove the requirement upon any individual to disclose orally any interest at any specific meeting and, if appropriate, to leave the meeting for that agenda item. 1.5 Pecuniary interest includes, if appropriate, directorships, partnerships and employments with businesses significant shareholdings or other appointments of influence with a business or other organisation which may have dealings with the Trust or its academies trusteeships and governorships at other educational institutes and charities They should include their own interest and those of any member of their immediate family (including partners) or other individuals known to them who may exert influence. For these purposes the following persons are connected to a member of the trustee: a relative of the Relevant Individual. A relative is defined as a close member of the family, or member of the same household, who may be expected to influence, or be influenced by, the person. This includes, but may not be limited to, a child, parent, spouse or civil partner; an individual or organisation carrying on business in partnership with the Relevant Individual or a relative of the Relevant Individual; a company in which a Relevant Individual or the relative of a Relevant Individual (taken separately or together), holds more than 20% of the share capital or is entitled to exercise more than 20% of the voting power at any general meeting of that company; an organisation which is controlled by a Relevant Individual or the relative of a Relevant Individual (acting separately or together). For these purposes an organisation is controlled by an individual or organisation if that individual or organisation is able to secure that the affairs of the body are conducted in accordance with the individual s organisation s wishes. 1 P a g e

3 2. Maintaining the Register 2.1 The format of the register is set out in Annex 1 to this policy. Separate pages will be maintained for each Relevant Individual (including multiple sheets for individuals where necessary) and signed by them to confirm the accuracy of the information. 2.2 The register will be held by the Director of Operations and Finance, committee clerks and academy Business Managers will take lead responsibility for ensuring all Relevant Individuals are identified and the interests registered. 2.3 It is the individual s responsibility to notify the Director of Operations and Finance of any relevant changes in their circumstances. Additionally all individuals will be required to confirm the accuracy of the register entry annually. 2.4 In line with the Academies Financial Handbook, section we will publish relevant business and pecuniary interests of members, trustees and local governors on our website. 2 P a g e

4 Moor End Multi Academies Trust Annex 1 Declaration of Business Interests Name:... Nil Return Following updates to the Academies Financial Handbook we now have to restrict business transactions with connected parties. Connected parties are described as a close member of the family, or members of the same household, including but not limited to, a child, parent, spouse or civil partner. Please list below any directorships, partnerships, employments with businesses that provide goods or services to the trust, trusteeships and governorships including at other educational institutes and charities, for yourself and any connected parties as described above. Name of Business Nature of Business Nature of the Interest Date interest began Is this your own interest or that of a connected party? (if connected party please state relationship to you) I certify that I have declared all beneficial interests which I or any person closely connected with me have with 3 P a g e

5 Signed... Date... 4 P a g e

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