Two trusts face spending controls after accounts reveal joint CEO’s double salary

Two academy trusts face strict government spending controls after accounts revealed their joint chief executive earning a double salary for working the equivalent of 8.3 days a week.

Experts said trusts considering similar controversial arrangements should consult regulators first, but defended the value of sharing staff.

Newton Academy Trust received a financial notice to improve last week over failings in “regularity and propriety”, and oversight of finances, executive pay and related party transactions.

https://schoolsweek.co.uk/two-trusts-face-spending-controls-after-accounts-reveal-joint-ceos-double-salary/

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