Transcript Document
Board of Trustees Meeting with Association Members November 2014 Principles of Best Practice Board Goals Principles for independent school boards • LCS has adopted as a matter of policy a number of guiding principles that reflect the responsibilities and statutory duties of the board and of each trustee acting as individual. Care Loyalty Fiduciary Responsibility Care • Set up policies and procedures to avoid risks to the school’s financial wellbeing and the health and safety of its students and staff • Hire, nurture and evaluate the Head of School who provides the necessary skills and expertise to enact the school’s mission and vision • Do not get involved in specific management personnel or curricular issues. • Review and maintain the LCS Constitution and policies consistent with the school’s mission. • Provide oversight to assure that all business is transacted legally • Uphold the Code of Conduct adopted by the Board • Keep full and accurate records of meetings and decisions Loyalty • Put the school first when making a decision • Guard against conflict of interest, whether business-related or personal • Take care to separate the interests of the school from the specific needs of a particular child or constituency • An individual Board Member who learns of an issue has the obligation to bring it to the Head of School and the Board President, and must not deal with the situation individually • Understand that authority is vested in the Board as a whole • Accept and support board decisions and respect board confidentiality Fiduciary Responsibility • Planning in the short, middle and long range • Every Trustee accepts accountability for the financial wellbeing and sound financial management of the school • The Board makes all major funding decision, approves budget and sets tuition • Stakeholders must be able to act in confidence that what told about the school is true Strategic Planning and yearly goals • On a periodic basis, the board undertakes a formal long range strategic planning • At the August retreat, the Board establishes goals and priorities for the academic year, in line with the Strategic Plan. • Work is performed at Board Committees and Tasks Forces level 2014-15 Organization 4 elected 2 appointed by the Board 3 appointed by US Ambassador Standing Committees Executive Committee E. Turteltaub Task forces or Ad-Hoc Committees Board of Trustees Advancement Committee P. Weedon Trusteeship Committee O. Ogundimu Facilities Task Force A. Mensah Search Committee tbd Finance Committee A. Wilde • PTO representative member of the Advancement Committee • Association members with specific expertise interested in supporting the work of the Board may be invited to form part of committees 2014-2015 Board Goals Develop a 2020 strategic plan that consolidates and measures the LCS vision and school improvement plan • This two-year goal entails during 2014-2015 to develop • Key Performance Indicators, targets and monitoring/evaluation process • roadmap for the long term (2020) strategy Adopt a Master Facilities Plan linked to agreed optimal school size and Long Term Financial Plan. •Re-development in phases of Abelempke campus •Concepts and budget by January 2015 (H2L2Nelson) Achieve effective financial planning •7-year Financial plan that contemplates short, mid and •Include redevelopment of campus. long term development of the school Develop and institute a process to recruit, cultivate and nurture board of trustees’ candidates. •One position open for election at May 2015 •Ongoing and open communication plan with parent and wider stakeholder Recruit and appoint a new head of school for the 2016-17 school year •Process to officially kick start 1Q15 •Search Committee •Transition Committee