19 Proposal to Calculate Dividend Distribution Based on Member Turnover Including Academies. PDF 67 KB
(Joint report of the Consortium Treasurer and Director)
Minutes:
The Management Committee considered a joint report of the Consortium Treasurer and Director, recommending to change the dividend distribution model to one based on total educational spend including academies. A copy of the report, marked ‘Item 12’, is filed with these minutes.
RESOLVED:
That the dividend distribution model be changed to one based on total educational spend including academies, effective for 2012-13 and to last for three years up to 2015-16 prior to review as necessary, as set out in paragraphs 7-9 of the report.