“Governors should be mindful that in exercising governing body functions, and as required in maintained schools by legislation, they must act with integrity, objectivity and honesty and in the best interests of the school; and be open about the decisions they make and the actions they take and be prepared to explain their decisions and actions to interested parties” – DfE Governors’ Handbook, Jan 2015.
The School Finance (England) Regulations 2012 require that all maintained school governing bodies set up a register of interests, and ensure that it is updated regularly. Academy funding agreements have similar requirements.
The register should include entries by all governors/trustees or equivalents, the Headteacher/Principal and any associate member. It is also good practice to include entries from other members of staff who can influence purchasing and/or contracting decisions. An individual entry should record any relevant business and/or personal interests, including governance roles in other educational institutions and any material interests arising from relationships between governors or relationships between governors and school staff (including spouses, partners and close relatives/connections). The register is an important safeguard for individual governors – if a governor has no such interests a “nil” entry should still be recorded.
Guidance on completion of the Register of Interests proforma is available here: http://www.lambethgovernorservices.co.uk/Article/21805