Governing body financial skills matrix

presspetManagement

Nov 10, 2013 (3 years and 10 months ago)

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SFVS

Q1 Governing Body
Example
Skills Matrix

1

Skills analysis matrix for

the financial management
skills

needed by the
g
overning
b
ody

Introduction


This matrix summarises the financial management skills that best practice determines should be available within the governing

body. This
matrix has been d
esigned as a practical document which can be used by schools at different levels:



by individuals who wish to identify their personal training and development needs



by governing bodies, or their finance committees where applicable, to ascertain their collec
tive financial management skills


Experience shows that for most schools only small numbers of governors will initially be at levels 1 and 2.


The purpose of the matrix is to determine the relative financial management skills available within the governing

body. This needs to be related
to the way that the governing body deals with financial management issues and so not all governors will need the highest leve
ls of financial
management competence. Typically, for a school:



with a finance committee


the com
mittee members and the chair of the governing body would be the most appropriate governors to
complete the matrix.



without a finance

committee


the chair of governors, any governor specifically tasked with finance issues and those governors who
possess fi
nancial management skills should complete the matrix.


How to use the matrix


First
, the grid should be tailored to the individual school’s governing body financial management requirements to identify who wit
hin the
governing body should have key financi
al skills and fill in their details at the top of the grid. The
key

financial management competency is in
bold (e.g. the first is "provides strategic leadership"), and examples of the characteristics that demonstrate this competenc
y are provided
beneath i
t.


Second
, for each governor identified use the ratings (which are explained below) to identify the level at which the person has the
relevant
competencies, referring to the key indicators and typical examples.


Third
, on completion
,

analyse the results t
o ensure the skills, knowledge and attitudes are spread across governors in the most appropriate
way, i.e. there is no over or under concentration of competencies with one specific governor.

SFVS

Q1 Governing Body
Example
Skills Matrix

2

A key point is that
not all
governors need all these skills, but
collectively

the governing body (
and
f
inance
c
ommittee
,
if it exists) will ideally have these
skills

between them.


RATING SYSTEM

1

2

3

4

HIGHLY COMPETENT

COMPETENT

DEVELOPING

NOT YET DEVELOPED

Where relevant to the
competency or example, the
following
apply to the
individual concerned:



this is an area in which you
have significant practical
experience



this is something that you
undertake on a regular
basis



this is a personal
characteristic or style that
you demonstrate all of the
time



there is a regular

programme of activities to
maintain technical
competence.


Where relevant to the
competency or example, the
following apply to the individual
concerned:



this is an area in which you
have some practical
experience



this is something that you
undertake on an

infrequent
basis



this is a personal
characteristic or style that
you demonstrate most of the
time



there is a regular
programme of activities to
maintain technical
competence.


Where relevant to the
competency or example, the
following apply to the individ
ual
concerned:



this is an area in which you
have little practical
experience



this is something that you
rarely undertake



this is a personal
characteristic or style that
you demonstrate some of
the time



there is a programme of
activities to develop the
tec
hnical competence in this
area.



Where relevant to the
competency or example, the
following apply to the individual
concerned:



this is an area in which you
have no practical experience



this is something that you
have never undertaken



this is a personal
c
haracteristic or style that
you rarely demonstrate



there is no programme of
activities to develop the
technical competence in this
area.









SFVS

Q1 Governing Body
Example
Skills Matrix

3


Governors with financial management
responsibilities

Chair of
Governing Body

Chair of Finance
Committee

Go
vernor with
finance role

(1)
PROVIDES STRATEGIC LEADERSHIP




Leads the development of strategic plans:



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潢j散瑩e敳e



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慮a

潢j散tiv敳e
捬敡rly




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g潶敲湯牳 慮搠
慬l
staff






Able to identify viable options most likely to achieve the school’s goals
and objectives:



Will ta步⁤kffi捵ct

扵t 湥c敳獡ry 摥捩獩潮s




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獴ak敨潬摥rs



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獣桯潬 matters






Has a clear underst
anding
of

best financial management practices and
school performance:



Has knowledge of the current financial performance and the school’s
i湴敲湡l 捯ctr潬 pr潣o獳ss




-
潰敲慴e猠wit栠數t敲湡e i湳n散瑯es/慵摩t潲o a湤 r敶iew猠慣瑩a渠o
n

th敩r
fi湤ings







SFVS

Q1 Governing Body
Example
Skills Matrix

4



Governors with financial management responsibilities

Chair of
Governing Body

Chair of Finance
Committee

Governor with
finance role

(2) ENSURES ACCOUNTABILITY




Understands the school’s statutory financial
management
requirements
:




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g慬 fi湡湣n慬 fr慭敷潲k i渠w桩捨ct桥 獣桯潬 湥敤s t漠
潰敲慴e



Has knowledge of the school’s funding arrangements



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l潣ol 慵t桯ritie猠
(f潲 m慩湴慩湥搠獣桯潬s)

慮搠d桥 DfE






Understands budget setting an
d budget monitoring
:



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H慳畭eri挠慮d 慮慬yti捡c skills



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i湴敲敳瑥e 灡rti敳



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潵t捯
me猠






Understands the importance of communicating the school’s
performance to stakeholders:




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time獣慬敳e慮搠捨cc歳kt桥y 慲攠
f潬l潷敤



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l潣ol 慵t桯rity (for
m慩湴慩湥
搠獣桯潬s)



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SFVS

Q1 Governing Body
Example
Skills Matrix

5




Governors with financial management responsibilities

Chair of
Governing Body

Chair of Finance
Committee

Governor with
finance role

(3) ACTS AS A CRITIC
AL FRIEND




Has a commitment to the school and the work of the governing body:



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f潲 灥r獯s慬 g慩n



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慴a敮摩n
g, 捯ctri扵ting at m敥ti湧猠慮d takin朠ggr敥搠慣di潮s



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wit栠獴aff 慮搠r敡摩ng r敬敶慮t 灡灥rs



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mak攠e f畬l 捯ctri扵tio
n







Presents information and views clearly and influentially to others:



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灲潢p湧 q略獴i潮s



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慮搠捬d慲apr敳enta
ti潮 of t桥 捡獥



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捯c獴ru捴iv攠f敥摢慣k