Report on 20th February Board Meeting

Issue 20: 24/2/2023 Strategic Objective:

The Board of FIS meets every third Monday of the month (term time only). This month we met on 20th February. 

This meeting was focused on a review of the preliminary 2023-2024 budget. The Finance Committee presented a first version of the budget that served as the basis for a dialogue in which Board directors were able to ask questions, challenge assumptions and review choices made by the School Leadership Team in the areas of incomes and expenses. 

A consensus emerged that the budget was solid and would allow the school to welcome students in newly opened sections, improve the programmes where needed, while ensuring long-term financial viability of the school. The final budget will only be voted on in the next Board Meeting, in March, prior to being submitted to the EDB and then presented to the community during the AGM in May.

In addition, the Board of trustees voted to approve the contract for the company in charge of the security of all our campuses. This approval followed a rigorous tendering process that saw three companies compete for the school’s business. This process, which will be repeated for all contracts exceeding 1 million HKD, ensures we are doing due diligence to procure the best service at an optimal cost for the school.

Hervé Robin
Board Chair

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