It is a statutory requirement for all Governors to record any pecuniary interests held either personally or through a company or relative or partner. An 'interest' in this case, is a situation where a member of the governing body may be affected personally or financially, directly or indirectly, or in some other way by a decision made at a meeting where the governor is present.
The School Governance (Procedures) (England) Regulations state that members of the governing body with any such interest must declare it as soon as possible at any meeting of the full governing body or committee meeting, must not take part in the discussion, must not vote and should withdraw from the meeting. Their withdrawal and return should be minuted.
