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The School Companies (Amendment) Regulations 2003

S.I. 2003/2049 · Made 30 July 2003

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

This Statutory Instrument has been made in consequence of a defect in S.I. 2002/2978 and is being issued free of charge to all known recipients of that Statutory Instrument.

EDUCATION, ENGLAND

Made 30th July 2003

Laid before Parliament 11th August 2003

Coming into force 1st September 2003

The Secretary of State for Education and Skills, in exercise of the powers conferred upon him by sections 12 and 210(7) of the Education Act 2002f1 hereby makes the following Regulations:

Annotations to the whole text

Footnotes

f1

2002 c. 32.

Contents

  1. 1Citation and Commencement
  2. 2Amendment of Regulations
  3. 3Amendment of Regulations
  4. Signature
  5. Explanatory note

1Citation and Commencement

These Regulations may be cited as the School Companies (Amendment) Regulations 2003 and shall come into force on 1st September 2003.

2Amendment of Regulations

The School Companies Regulations 2002f1 are amended as follows.

3Amendment of Regulations

For regulation 8(2)(d) there is substituted—

“(d)

the terms of service and remuneration of the executive directors shall be determined by the directors of the company on the recommendation of the remuneration committee.”.

Signature

Margaret Hodge

Minister of State,

Department for Education and Skills

30th July 2003

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the School Companies Regulations 2002, which govern the operation of companies formed or joined by governing bodies of maintained schools using their powers under section 11 of the Education Act 2002, and come into force on 1st September 2003.

The Regulations amend regulation 8 by requiring that the constitution of a school company must provide that the terms of service and remuneration of executive directors shall be determined by the directors on the recommendation of the remuneration committee.