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Academy CEO pay.

Academy CEO pay.

Of course, we need to ensure that public money is spent responsibly, but it's hard to make the case of 'excessive' CEO pay without understanding the context of each trust, writes one education expert  

 

The Commons Public Accounts Committee is right to report on academy finances. In particular, the recommendation that the Department for Education should tighten the rules in the next version of the Academies Financial Handbook, expected in July 2018, to prevent academies from entering into related-party transactions without approval from Education and Skills Funding Agency is very welcome.

However, the language of "excessive salaries" related to CEO pay is not helpful, as it creates the impression that executive pay in the academies sector is out of control. It is not.

The report acknowledges that 96 per cent of academies do not pay anyone over £150,000.

Read more.

 

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