ISK has a unique two-tier governance structure reflecting the school’s joint ownership by the Embassy of the United States of America and the Canadian High Commission. There is a Board of Governors and a Board of Directors.
The Board of Governors (BoG) consists of seven appointees from the two sponsoring embassies.
The role of the BoG is fiduciary oversight at the highest level, including approvals of the Long-Term Financial Plan, annual budgets, composition of the Board of Directors, and any major capital expenditure such as a construction project.
The BoG meets two times each year with the Board of Directors, and may meet other times as needed. The BoG also convenes the Annual General Meeting of ISK parents.
The Board of Directors (BoD) consists of nine members:
- Three appointees from the sponsoring embassies (indefinite terms)
- Four elected members (two-year terms)
- Two members appointed by the Board itself (three-year terms)
Board-appointed members do not have to be parents of ISK, but will have some other long-standing connection to the school, such as being alumni.
In broad terms the BoD provides strategic oversight of the school. Key responsibilities include:
- Developing and monitoring the annual budget
Approving policies Hiring, guiding and evaluating the Director And monitoring potential risk factors for the school
The BoD is not involved in operational matters, which are delegated exclusively to the Director.
The BoD fulfills its responsibilities and achieves its annual goals through committees.
Two standing committees are the Finance Committee and the Governance Committee. Each year additional ad hoc committees are convened to address specific tasks or goals, and may involve a variety of stakeholders, as appropriate.
For more information about the policies that guide ISK’s governance practices, refer to section one of the Policy Manual.