Pecuniary Interest
A pecuniary interest form is a document that staff and governors in schools use to declare any interests they have. The form is required by law and helps ensure that public money is spent without personal gain.
Purpose
- To ensure that public money is spent without personal gain
- To prevent staff and governors from being involved in decisions that could benefit them personally
Who needs to complete the form?
- All staff and governors in maintained schools
- New governors when they are appointed
What to include?
- Any business interests, including directorships, shareholdings, or other appointments
- Interests of immediate family members, partners, or other people who may have influence
What happens after completing the form?
- The form is used to update a register of interests
- The register is kept up to date and is available for inspection
- If a governor has an interest, they must withdraw from the meeting while the matter is being discussed