Governance

The ISB Board of Directors (“the Board”) is responsible for the governance of the School as a non-sectarian, politically neutral entity that provides an education promoting learning, cultural and international understanding and respect for all nationalities, religions and cultural backgrounds. The Board focuses on the overall strategy for the Company and ensures compliance with Board policies.

The Board is composed of 5 – 11 members, who are elected at the Annual General Meeting (AGM) by the shareholders.

Within the legal framework provided by the Articles of Incorporation (AoI), the Board governs with an emphasis on outward vision rather than internal preoccupation, encouragement of diversity in viewpoints, strategic leadership more than administrative detail, clear distinction of Board and Director roles, and collective rather than individual decision making, future-oriented rather than focusing on past or present, and proactive rather than reactive decision making.

On a yearly basis, the Board reports to the shareholders at the AGM and publishes an Annual Report which includes an overview of the School’s activities, including audited accounts. During the AGM, finances and the audit are approved, resolutions are voted upon and members to the Board elected.

The Board, in close coordination with the Administration, approves the school’s Strategic Plan. The Strategic Plan is aligned with the Mission and Philosophy and covers all relevant areas such as curricula, financials, development, personnel/staffing, and governance.

The School Senior Leadership Team comprises the School Director, the Directors of Teaching and Learning and of Operations, as well as the three Principals.

The School Director is appointed by the Board. The Director is the chief executive officer of the ISBR and has full operational control of the School including responsibility for the formulation of educational policies, a Child Protection Policy, Code of Conduct, and the administrative management of the ISBR in accordance with the Goals and Outcomes policies established by the Board.

The share capital of the Company is divided into registered A, B and C shares. Each registered A and B share carries with it the right to one place in the School subject to the general admissions policy. Each share carries one vote at shareholder meetings. As outlined by the Articles of Incorporation, ISB shareholders have a number of inalienable powers, which include the election of a Board of Directors (Board).