Manage any conflicts of interest
Boards in academies can pay for goods or services provided by someone who's serving on the board.
However, the individual must not put themselves in a position where their personal interests conflict with their duty unless they're authorised to do so.
If there's a conflict, your board should assure itself that the procurement transaction:
- Is in its best interests
- Will better help it achieve its purposes
Your board must:
- Manage, and be seen to manage, any conflicts of interest that may arise
- Be open and accountable to those with an interest
- Consider the advantages and disadvantages of using the goods and services.
This is set out in section 6.6.1 of the academy trust governance guide.
Find out about the requirements for trustees and local governors in academies to declare relevant business or pecuniary interests, including the supply of goods or services to the