The revised Standard replaces the old self-assessment model with a more structured mechanism that places VFM at the heart of the business and involves reporting against a set of VFM Metrics.
The aim of the due diligence process is to provide you with essential information about the school or academy wishing to join your multi-academy trust (MAT), so there are no unpleasant surprises afterwards. With the support of solicitors the process can be straightforward, enabling you to join together as seamlessly and quickly as possible.
Ensure the due diligence process is carried out well, with the help of our Due Diligence Checklist
We have created a helpful document that provides you, a multi-academy trust, with a checklist of information, for the due diligence process, that should be obtained to gain a broader and holistic understanding of the school or academy joining your MAT. Whilst the checklist is relatively comprehensive, it is not exhaustive. This is because every MAT's due diligence process needs to have the flexibility to take into consideration any local and unique requirements or features. There may be some areas listed in the Due Diligence Checklist that don't apply in all cases, and there may be some circumstances where a MAT board is able to take a more relaxed approach, in that some information is not required or at least not in as much detail. Our Due Diligence Checklist does, however, cover all of the areas that we consider will be relevant in the vast majority of academy conversions and transfers into a multi-academy trust.
What does the Due Diligence Checklist cover?
Our Due Diligence Checklist covers all of the major areas you need to consider, and potentially get legal support with, when introducing another school or academy into your multi-academy trust, including:
Whilst the document does focus on legal issues, it doesn't attempt to cover what might be described as 'educational due diligence'. There will, therefore, be other areas in relation to which the MAT requires information, for example, the latest OFSTED report; details of the school's vision, values and ethos; school improvement plan; self-evaluation; special educational needs provision; and so on. These additional areas should be considered alongside the areas set out in our legal Due Diligence Checklist.
Request a copy of our Due Diligence Checklist
We hope that our Due Diligence Checklist will prove a useful tool for you in the growth and development of your multi-academy trust. To request your free copy simply complete the form below. If you have any questions, suggestions for improvements, or require any legal advice then please contact Christopher Whittington.
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