Selling Your Private School
Schools are always of interest to investors. But selling...
Our firm has worked with for-profit and non-profit schools around the globe and recognize that high performing schools have a number of key attributes in place. Though some of the parameters of the two models may vary, our belief is that a sound school will be grounded by four cornerstones:
One of the key attributes of successful schools is a board that can effectively govern their school and one that understands their role and responsibilities within the oversight of their institution in partnership with senior leadership. Providing oversight for an organization should not vary whether the institution is a non-profit or for-profit. By definition, an effective board should be engaged in long-range issues and planning (rather than day-to-day operations) and "big picture" planning, budgeting, and approval. This includes a focus on:
Really there's no magic formula for effective boards; just an ability for members to adhere to clear and proven principles of governance and oversight. However, the barriers to an effective board mislead by a:
If you were to take a 'snapshot' of your board's health, the following responsibilities should be present:
Building on this, an effective board is guided by the following principles:
But the board cannot do it alone. There must be a constructive partnership with the Head of School. To do this, there needs to be: open and honest communication; common expectations; cooperative planning; and respect.
Next Step
If you would like to find out more about how we can support your board's ongoing development, please contact HEG by email at info@halladayeducationgroup.com or calling directly at +1-604-868-0002.
To your success,
Douglas Halladay
President
Halladay Education Group
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