Pecuniary Interests Policy (2019)
A pecuniary interest can be clarified as a financial benefit. Within the context of a school, the financial benefit concerns public funds. It is important for all people involved in spending public money to demonstrate that they do not benefit personally from decisions they make.
As part of Orchard Primary School’s commitment to openness and transparency, an annually updated ‘Register of Pecuniary and Business Interests’ in which governors and senior school staff (Heads & Deputies) should record, among other things, any links they may have with local firms from which the school may wish to purchase goods and services, is to be maintained and made available for public inspection.
The register is designed to protect both the school and individual Governing Body members from damaging allegations of corruption and possible punitive actions.