The Trust Board has appointed the first members of this committee and thereafter delegates the power to the committee to appoint its own members, always subject to the approval of the Trust Board. In the event that an urgent appointment is required the Chair of Trustees (or the Vice-Chair in the Chair’s absence) may make the appointment and report this back to the Trust Board for scrutiny.
The membership of the committee is limited to 4 Trustees, including the Chair. The membership may also be formed of non-Trustees; however the majority of the membership must be made up of Trustees.
The current members of this committee are:
The committee shall be clerked by the Clerk to the Trust Board. In the event that the Clerk is not available at the time that a committee meeting is required, the Chair may appoint another suitable person to carry out the clerking or one of the committee members may act as clerk for that meeting.
The Trust Board delegates the power to appoint the Chair of this committee to its members. A simple majority vote of the members shall determine who is appointed Chair following nominations from the members. In the event that there is only one nomination the members will vote to confirm the appointment in any event.
The Trust Board delegates the power to appoint a Vice- Chair to the members of the committee. In the event that the members determine that the appointment of a Vice-Chair is required, one shall be appointed from the committee members. A simple majority vote of the members shall determine who is appointed Vice-Chair following the nominations by members. In the event that there is only one nomination the members will vote to confirm the appointment in any event.
The quorum of this committee shall be three members, with the majority being Trustees. In the event that the specified quorum is not present, the meeting must be adjourned and reconvened by the Clerk as soon as practicable.
At the Chair’s discretion, the meeting will become a closed session.
Decisions will be made on a simple majority vote of the members present. In the event of a tied vote the Chair (or Vice-Chair, in the Chair’s absence) shall have a casting and final vote.
The Trust Board fully reserves its right to reverse or substitute any decisions taken by the committee.
Reference should also be made to Oldershaw School Financial Scheme of Delegation 2021-2022
In addition Audit and Risk should address the following:
These terms of reference shall be reviewed annually by the Trust Board. The committee may raise any suggested amendments to these terms of reference with the Trust Board at the time of the annual review or at any other time