1/15/2024 0 Comments Matrix management absenceNot all governors need all these skills, but collectively members of the governing body (and finance committee or equivalent) should have these skills among them. It is essential for the governing body to have access to adequate financial skills and to maintain these skills to ensure they meet their statutory responsibilities for the financial management of the school and can safeguard the large amounts of public money for which they are responsible. In the view of the governing body and senior staff, does the governing body have adequate and up-to-date financial skills among its members to fulfil its role of challenge and support in the field of budget management and value for money? Is there a plan in place to address any gaps? What this question means Why it is important for the governing body to have adequate and up-to-date financial skills
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