Common use of DIRECTORS’ POWERS AND RESPONSIBILITIES Clause in Contracts

DIRECTORS’ POWERS AND RESPONSIBILITIES. 4.1. The Directors have overall responsibility and ultimate decision-making authority for all the work of the Company, including the establishing and running of schools and in particular the Academy. This is exercised through strategic planning and the setting of policy and is managed through business planning, monitoring of budgets, performance management, the setting of standards and the implementation of quality management processes. The Directors have the power to direct change where required. 4.2. The Directors have a duty: 4.2.1. to comply with any lawful directions issued to the Company; and 4.2.2. to act in the fulfilment of the Company’s objects. 4.3. Directors will have regard to the interests of the other academies for which the Company is responsible in deciding and implementing any policy or exercising any authority in respect of the Academy. 4.4. Articles 100 and 105 provide for the appointment by the Directors of committees to whom the Directors may delegate certain of the functions of the Directors. In further recognition of the Directors’ power to delegate under Article 105 and from the date of this Scheme, responsibility for the running of the Academy from the Effective Date will be delegated to the committee established by this Scheme and which shall be known as the LGB of the Academy.

DIRECTORS’ POWERS AND RESPONSIBILITIES. 4.1. The Directors have overall responsibility and ultimate decision-making authority for all the work of the Company, including the establishing and running of schools and in particular the Academy. This is both exercised through strategic planning and the setting of policy and is managed through business planning, monitoring of budgets, performance management, the setting of standards and the implementation of quality management processes. The Directors have the power to direct change where required. 4.2. The Directors have a duty: 4.2.1. to comply with any lawful directions issued to the Company; and 4.2.2. to act in the fulfilment of the Company’s objects. 4.3. Directors will have regard to the interests of the other academies for which the Company is responsible in deciding and implementing any policy or exercising any authority in respect of the Academy. 4.4. Articles 100 and 105 provide for the appointment by the Directors of committees to whom the Directors may delegate certain of the functions of the Directors. In further recognition of the Directors’ power to delegate under Article 105 and from the date of this Scheme, responsibility for the running of the Academy from the Effective Date will be delegated to the committee established by this Scheme and which shall be known as the LGB of the Academy.