Common use of Governance Requirements Clause in Contracts

Governance Requirements. Charter school boards hold fiduciary responsibility for the charter schools they oversee and must comply with applicable governance requirements. Boards may have different governance requirements based on how they are legally structured.  MS  DNMS Explanation (for DNMS): Meets Standard: The school materially complies with applicable laws, rules, regulations, and provisions of the charter contract relating to governance by its board, including but not limited to: • Board policies, including those related to oversight of an Education Service Provider (ESP), if applicable • Board bylaws • State open meetings law • Code of ethics • Conflicts of interest • Board composition and/or membership rules (e.g., requisite number of qualified teachers, ban on employees or contractors serving on the board, etc.) • Compensation for attendance at meetings Does Not Meet Standard The school has failed to materially comply in the manner described above. 1. The Attorney General did not issue findings of fact and conclusions of law that the governing body or any other public body created by the charter school has taken action in violation of any provision of NRS 241.010 et seq. during the fiscal year.  Self-Certification and no verified adverse findings. 2. The school received no material governance compliance complaints which were substantiated or if they were substantiated the school board promptly implemented acceptable corrective actions.  Self-Certification and no verified adverse findings. 3. The governing body ensured that it held at least quarterly meetings (NRS 388A.320(5)).  Board minutes The central role of the charter school board is to responsibly delegate the work of actualizing the board’s educational vision and mission. To that end, the board has a responsibility to oversee and hold accountable the charter school management, whether it chooses to contract with a management organization or hire an individual. In any event, the school governing board is the party ultimately responsible for the success or failure of the school.”  MS  DNMS Explanation (for DNMS): Meets Standard: The school materially complies with applicable laws, rules, regulations, and provisions of the charter contract relating to oversight of school management, including but not limited to: • (For Education Service Providers [ESPs]) maintaining authority over management, holding it accountable for performance as agreed under a written performance agreement, and requiring annual financial reports of the ESP • (For Others) oversight of management that includes holding it accountable for performance expectations which may or may not be agreed to under a written performance agreement Does Not Meet Standard The school has failed to materially comply in the manner described above.

Governance Requirements. Charter school boards hold fiduciary responsibility for the charter schools they oversee and must comply with applicable governance requirements. Boards may have different governance requirements based on how they are legally structured.  MS  DNMS Explanation (for DNMS): Meets Standard: The school materially complies with applicable laws, rules, regulations, and provisions of the charter contract relating to governance by its board, including but not limited to: • Board policies, including those related to oversight of an Education Service Provider (ESP), if applicable • Board bylaws • State open meetings law • Code of ethics • Conflicts of interest • Board composition and/or membership rules (e.g., requisite number of qualified teachers, ban on employees or contractors serving on the board, etc.) • Compensation for attendance at meetings Does Not Meet Standard The school has failed to materially comply in the manner described above. 1. The Attorney General did not issue findings of fact and conclusions of law that the governing body or any other public body created by the charter school has taken action in violation of any provision of NRS 241.010 et seq. during the fiscal year.  Self-Certification and no verified adverse findings. 2. The school received no material governance compliance complaints which were substantiated or if they were substantiated the school board promptly implemented acceptable corrective actions.  Self-Certification and no verified adverse findings. 3. The governing body ensured that it held at least quarterly meetings (NRS 388A.320(5)).  Board minutes The central role of the charter school board is to responsibly delegate the work of actualizing the board’s educational vision and mission. To that end, the board has a responsibility to oversee and hold accountable the charter school management, whether it chooses to contract with a management organization or hire an individual. In any event, the school governing board is the party ultimately responsible for the success or failure of the school.”  MS  DNMS Explanation (for DNMS): Meets Standard: The school materially complies with applicable laws, rules, regulations, and provisions of the charter contract relating to oversight of school management, including but not limited to: • (For Education Service Providers [ESPs]) maintaining authority over management, holding it accountable for performance as agreed under a written performance agreement, and requiring annual financial reports of the ESP • (For Others) oversight of management that includes holding it accountable for performance expectations which may or may not be agreed to under a written performance agreement Does Not Meet Standard The school has failed to materially comply in the manner described above. 1. The governing body has conducted an annual evaluation of any EMO with which the school has contracted, per the written performance agreement between the board and the EMO if applicable (NAC 388A.580(5)).4  School-EMO contracts 2. The governing body submitted a copy of ESP and management contracts to the SPCSA for the current fiscal year and the contract complied with NRS 388A.393.  Contract(s)