Academy trusts do not have shareholders; they have members. The role and rights of members is comparable in certain respects to that of shareholders.
Members of a multi-academy trust do not have rights of ownership in the company like shareholders because the profits of the company cannot be distributed to them. However, the members can control changes in the constitution (subject to DfE approval) and other fundamental decisions relating to the academy trust.
Members also have the right to remove a Director by ordinary resolution (a vote passed by a simple majority of members). Generally, the members of a company limited by guarantee have few obligations other than their obligations towards the company and the other members, as set out in the constitution and other constitutional documents. This reflects the fact that it is the directors of a company that are responsible for its operation. The role of member is likely to therefore be a largely “hands-off role”.
CMAT currently have 3 Members but the trust is actively seeking to increase this number to 5 with members from not within the board of trustees.
Chair, Trust Board of Directors
Shirley was appointed Head of International Relations and Outreach Programmes in January 2018. Prior to this, she was Head of Marketing and Communications for over ten years. In 1999 Shirley co-authored the successful bid on behalf of the University of Cambridge to create the Cambridge Entrepreneurship Centre. Shirley was Head of External Relations at the...
Vice Chair, Trust Board of Directors
David worked in the motor industry for over 35 years, starting as an apprentice mechanical engineer and then holding various other roles with both private and blue chip companies – culminating in a number of senior executive positions within the Jardine motor group. Seeking new challenges and passionate about education he has worked in the...
Lynn has worked in education for 40 years as a teacher, lecturer, freelance consultant and assessor. She has also been a member of Governing Bodies at Over Primary School and Swavesey Village College.