MEETING MINUTES ISB BOARD OF TRUSTEES REGULAR ...
MEETING MINUTES ISB BOARD OF TRUSTEES REGULAR ...
MEETING MINUTES ISB BOARD OF TRUSTEES REGULAR ...
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Approved: December 15, 2009<br />
<strong>MEETING</strong> <strong>MINUTES</strong><br />
<strong>ISB</strong> <strong>BOARD</strong> <strong>OF</strong> <strong>TRUSTEES</strong><br />
<strong>REGULAR</strong> SESSION<br />
MPB3<br />
November 17, 2009<br />
Present : Mr. Blumenthal<br />
Mr. Chansrichawla<br />
Mrs. Davy<br />
Mr. de Vries<br />
Mr. Kraprayoon (6:20 pm)<br />
Mr. Ma<br />
Ms. Nour<br />
Mr. Sertthin<br />
Mr. Sonderby (6:10 pm)<br />
Mr. Sypolt<br />
Mr. Walker<br />
Absent : Mrs. Cooper<br />
Mr. Kimpara<br />
Dr. Chiaravanond<br />
Mr. Toomey<br />
Administration : Dr. Gerritz, Head of School<br />
Dr. Costessi, Deputy Head of School, Chief Financial Officer<br />
Mr. Davies, Deputy Head of School for Learning<br />
Ms. Oor, Secretary<br />
Guests : <strong>ISB</strong> Boy Scouts<br />
Ms. Sabine Mau, PTA President<br />
Mr. Sertthin opened the meeting at 6:00 pm. He welcomed the new BOT members (Mr. Blumenthal, Mr.<br />
Chansrichawla and Mr. Walker) to the board. It was agreed that when there would be voting on old<br />
business that they would abstain. He also welcomed members of the <strong>ISB</strong> Boy Scouts who were there as<br />
part of their Communications Merit badges’ requirements.<br />
I. APPROVAL <strong>OF</strong> <strong>MINUTES</strong><br />
The minutes of the October meeting were approved as presented.<br />
II. PTA REPORT<br />
Ms. Mau gave an update on numerous PTA activities. She also noted that in the interest of<br />
transparency, PTA will now post a disclosure of its finances (expenses, funding projects, etc) on<br />
the website in the next 2 weeks.<br />
III. FINAL BUDGET 09-10<br />
Mr. de Vries presented the motion on the approval of the Final Budget 09-10 which was<br />
thoroughly discussed at the October meeting but was inadvertently not voted upon.<br />
It was moved<br />
That the Final Budget Report 2009-2010 be approved as presented.<br />
The motion passed with 7 votes for approval and 3 votes for abstention.
- 2 -<br />
Mr. de Vries then went on to discuss the management letter which came with the audit report.<br />
The report was deemed to be satisfactory as were the management’s responses with the<br />
proposed corrective actions. He also added that there is a need to have a standardized dollar<br />
hedging policy to avoid the negative influence of market dynamics. Dr. Costessi will present a<br />
proposal for hedging at the next Business Committee meeting. With the Parent Portal now<br />
password protected, certain financial information like the consolidated financial reports presented<br />
at the AGM may now be published for community information.<br />
IV. AUDIT COMMITTEE<br />
Mr. Sonderby presented a motion to approve the 2008-2009 Audited financial statements which<br />
have to be filed officially by the end of the month.<br />
It was moved<br />
That the 2008-2009 Audited Financial Statements for the ISA and its subsidiaries be<br />
approved as presented.<br />
The motion passed unanimously.<br />
V. SILC COMMITTEE REPORT<br />
Dr. Gerritz presented a draft sample of the High School KPIs Learning Score Card. The plan is to<br />
have a version for the parents and for marketing purposes’ use by the end of February 2010. He<br />
stressed that the most important points to remember regarding the KPIs is that they are<br />
measurable, linked to school output, and that they are relevant to the vision and mission of the<br />
school.<br />
Mr. Ma went on to discuss the committee’s plan to create a scholarship for high academic<br />
performing Thai students. He talked about the scholarship’s purpose and the initial points for<br />
consideration (duration, number of scholarships, related costs). After answering questions from<br />
the BOT members, it was agreed that the committee conduct further studies in the development<br />
of the plan which will include determining catchment areas from which to get a pool of possible<br />
candidates, overall cost determination and possible Royal Family sponsorship.<br />
On the marketing side, Mr. Ma said that a marketing plan is being developed which will include<br />
goals, scope and milestones. This will be presented at the December committee meeting and Mr.<br />
Chansrichawla was invited to join Mr. Ma in drafting the plan.<br />
After concerns were expressed by some BOT members of the appropriateness of the<br />
committee’s study of <strong>ISB</strong>’s co-curricular program which is supposed to be handled by the<br />
administration, it was emphasized that it is not the intent to cross into the specifics of the program<br />
but to define the vision of an effective and well-articulated co-curricular program.<br />
VI ADJOURNMENT<br />
The meeting was adjourned at 7:37 pm.<br />
Verified as approved by the Board at its<br />
meeting of December 15, 2009.<br />
Secretary, <strong>ISB</strong> Board of Trustees