Governors along with staff members who regularly attend meetings of the governing body and its committees must declare any business or personal interest that might influence any decision they may make, especially in financial matters. Any governor with such an interest must declare it annually and notify the school of any changes that occur.

Where there is a conflict of interest, the governor must withdraw from the meeting and take no part in the discussions or vote. The agenda of each meeting requires governors and non-governors present to declare any interest they may have in any of the items to be discussed.