Issue - meetings

Proposal to Calculate Dividend Distribution Based on Member Turnover Including Academies.

 

 

Meeting: 27/06/2013 - ESPO Management Committee (Item 19)

19 Proposal to Calculate Dividend Distribution Based on Member Turnover Including Academies. pdf icon 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.