MEETING MINUTES ISB BOARD OF TRUSTEES REGULAR ...

Approved: December 15, 2009
MEETING MINUTES
ISB BOARD OF TRUSTEES
REGULAR SESSION
MPB3
November 17, 2009
Present : Mr. Blumenthal
Mr. Chansrichawla
Mrs. Davy
Mr. de Vries
Mr. Kraprayoon (6:20 pm)
Mr. Ma
Ms. Nour
Mr. Sertthin
Mr. Sonderby (6:10 pm)
Mr. Sypolt
Mr. Walker
Absent : Mrs. Cooper
Mr. Kimpara
Dr. Chiaravanond
Mr. Toomey
Administration : Dr. Gerritz, Head of School
Dr. Costessi, Deputy Head of School, Chief Financial Officer
Mr. Davies, Deputy Head of School for Learning
Ms. Oor, Secretary
Guests : ISB Boy Scouts
Ms. Sabine Mau, PTA President
Mr. Sertthin opened the meeting at 6:00 pm. He welcomed the new BOT members (Mr. Blumenthal, Mr.
Chansrichawla and Mr. Walker) to the board. It was agreed that when there would be voting on old
business that they would abstain. He also welcomed members of the ISB Boy Scouts who were there as
part of their Communications Merit badges’ requirements.
I. APPROVAL OF MINUTES
The minutes of the October meeting were approved as presented.
II. PTA REPORT
Ms. Mau gave an update on numerous PTA activities. She also noted that in the interest of
transparency, PTA will now post a disclosure of its finances (expenses, funding projects, etc) on
the website in the next 2 weeks.
III. FINAL BUDGET 09-10
Mr. de Vries presented the motion on the approval of the Final Budget 09-10 which was
thoroughly discussed at the October meeting but was inadvertently not voted upon.
It was moved
That the Final Budget Report 2009-2010 be approved as presented.
The motion passed with 7 votes for approval and 3 votes for abstention.

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Mr. de Vries then went on to discuss the management letter which came with the audit report.
The report was deemed to be satisfactory as were the management’s responses with the
proposed corrective actions. He also added that there is a need to have a standardized dollar
hedging policy to avoid the negative influence of market dynamics. Dr. Costessi will present a
proposal for hedging at the next Business Committee meeting. With the Parent Portal now
password protected, certain financial information like the consolidated financial reports presented
at the AGM may now be published for community information.
IV. AUDIT COMMITTEE
Mr. Sonderby presented a motion to approve the 2008-2009 Audited financial statements which
have to be filed officially by the end of the month.
It was moved
That the 2008-2009 Audited Financial Statements for the ISA and its subsidiaries be
approved as presented.
The motion passed unanimously.
V. SILC COMMITTEE REPORT
Dr. Gerritz presented a draft sample of the High School KPIs Learning Score Card. The plan is to
have a version for the parents and for marketing purposes’ use by the end of February 2010. He
stressed that the most important points to remember regarding the KPIs is that they are
measurable, linked to school output, and that they are relevant to the vision and mission of the
school.
Mr. Ma went on to discuss the committee’s plan to create a scholarship for high academic
performing Thai students. He talked about the scholarship’s purpose and the initial points for
consideration (duration, number of scholarships, related costs). After answering questions from
the BOT members, it was agreed that the committee conduct further studies in the development
of the plan which will include determining catchment areas from which to get a pool of possible
candidates, overall cost determination and possible Royal Family sponsorship.
On the marketing side, Mr. Ma said that a marketing plan is being developed which will include
goals, scope and milestones. This will be presented at the December committee meeting and Mr.
Chansrichawla was invited to join Mr. Ma in drafting the plan.
After concerns were expressed by some BOT members of the appropriateness of the
committee’s study of ISB’s co-curricular program which is supposed to be handled by the
administration, it was emphasized that it is not the intent to cross into the specifics of the program
but to define the vision of an effective and well-articulated co-curricular program.
VI ADJOURNMENT
The meeting was adjourned at 7:37 pm.
Verified as approved by the Board at its
meeting of December 15, 2009.
Secretary, ISB Board of Trustees