All governors must declare any financial or business interest that might cause them to benefit from decisions made by the committees on which they sit. For example, if the committee is awarding a building contract and a governor owns one of the candidate companies, that must be declared and the governor must withdraw from the meeting.
This rule extends to family members, indirect financial interests and possible professional involvement of any kind, and it also means that staff governors sometimes have to withdraw from discussion of pay.
The list of declared interests is reviewed at every meeting and new declarations are sought. At present there are no declared interests other than by teachers employed at there school, and there have not been any for many years.