Governance in the school context can be a peculiar beast. Boards
are usually populated with well intentioned parents and volunteers,
the political landscape of schools can involve the school, a school
system and/or a religious affiliate and ordinary commercial duties
and obligations must be balanced with the overarching duty to act
in the best interests of students.
Good governance in schools is critical to navigate these
peculiarities.
Members of school Boards and Councils are bound by the same
duties as members of "ordinary" Boards and Councils.
These include legislative requirements under the Corporations Act
2001 (Cth) and fiduciary duties. Further, the Centro decision
highlighted the requirement for members of Boards and Councils to
maintain familiarity with the financial status of the school, by
regular review and comprehension of financial statements.
