OpenLegislation

Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In this Schedule, “sponsor” in relation to a school means—

(a)

a person who gives or has given substantial financial assistance (which for these purposes includes benefits in kind) to the school other than pursuant to statutory obligation; or

(b)

any other person (not being otherwise represented on the governing body) who provides or has provided substantial services to the school,

provided that, in either case, such person is not entitled to appoint the foundation governors nor connected to any person so entitled.

(2)

For the purposes of this paragraph, a person is connected with a person entitled to appoint foundation governors where—

(a)

he is a partner or relative (including a spouse or someone living with that person as if he or she were that person’s spouse); or

(b)

either or both persons are a body corporate and one owns at least one-fifth of the other’s equity share capital (within the meaning of the Companies Act 1985f1), or is entitled to exercise or control the exercise of more than one-fifth of the voting power of the other at any general meeting.

Annotations

Footnotes

f1

The Companies Act 1985 has been prospectively repealed and replaced by the Companies Act 2006.