Powers and Duties of Members of The Synaptic Trust
The Members of The Synaptic Trust are the equivalent of the shareholders in a commercial company (save that they do not receive dividends). In simple terms the Members look after The Trust on behalf of its beneficiaries and stakeholders, principally the pupils. They have a number of statutory rights as set out in the Trust’s Articles of Association including.
The Members main functions are:
• Overseeing the achievement of the objectives of the company.
• Taking part in Annual and Extraordinary General Meetings.
• Appointing some of the directors and have the power to remove a Director.
• To receive the company’s financial accounts and annual report.
• Appoint and re-appoint auditors
• Able to amend the Articles of the company (subject to DfE approval) and, ultimately, to remove the directors.
Founder Members Information
We have five Founder Members:
- Leslie Jones - appointment 1st July 2013
- Georgina Harvey - appointment 1st July 2013
- John Landeryou - appointment 1st September 2015
- Keith Robinson- appointment 1st July 2013
- Sarah Rowe- appointment 1st July 2013
To see the Register of Interest for September 2018 and attendance for academic year 2017 to 18 please click here.
What do Members do?
Members make sure that Trustees (Directors) are running the Trust effectively. Members are ‘eyes on but hands off’, in that they allow the Trustees to operate the Trust and only intervene in exceptional circumstances.
Typically, our Members meet twice a year, one meeting of which is the Annual General Meeting (AGM). During these meetings, Members review various information about the Trust to ensure the Trust is being run in an effective, safe and sustainable manner. Information looked at could include academic attainment and progress, financial performance and the pay of the CEO.
When would Members intervene?
Members would intervene if they felt that the Trust was not being run effectively. For example, Members might have concerns about the strategy, performance, governance, remuneration or approach to risks that the Trustees had. Interventions could include confidential and private meetings with the Chair, minuted comments at meetings, a formal resolution directing Trustees to act in a particular manner or, ultimately the removal of one or more Trustees from office.
How are Members held to account?
Members publish the minutes of their meetings in order that stakeholders can monitor the performance of Members. Ultimately it is the Secretary of State for Education to whom the Members answer.