STRUCTURE, GOVERNANCE AND MANAGEMENT


CONSTITUTION The Savoy Educational Trust was constituted under a Trust Deed dated 26th April 1961 and established by four directors of the then Savoy Hotel Limited as an unincorporated grant making charitable trust for educational purposes, mainly though not exclusively, in relation to the hospitality industry.


GOVERNANCE AND MANAGEMENT


The Trust’s deed prescribes its objectives and sets out a framework under which the Trustees and administrative staff govern the Trust’s affairs. The Trustees are appointed in accordance with the Trust Deed and are aware that they are responsible for the overall direction, effectiveness, supervision and accountability of the Trust.


The day to day management of the Trust is delegated to the Chief Executive who is self employed and works on a part-time consultancy basis and the Secretary/Administrator who is an employee of the Trust. The accounting function of the Trust is outsourced to a SRJ Accounting Services Limited, an independent accounting service.


TRUSTEES


The Trustees who served during the year were as follows:- Richard Turpin, FIH (Cha


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Robert Davis, DL, MA (Cantab) Stuart May, FIH Ramon Pajares, OBE, FIH Michael Parker, LVO Mike Stapleton


Trustees are appointed by invitation from the existing Trustees to serve a 3 year term of office, but may be re-elected for succeeding terms. Terms of office were introduced to enable the Trust to continually review the skill set of the Trustees in order to maintain a board with the relevant experience, empathy and knowledge of the Trust and its activities.


In the year under review, after serving on the Board for 17 years, 9 of which as Chairman, Michael Parker retired on the 10th June 2009 in order to relocate to Singapore. The Trustees wish to take this opportunity to record their grateful thanks to Michael Parker for his significant contribution and dedication to the work of the Trust. Mr. Parker was replaced on the Board by Mike Stapleton whose knowledge and expertise in the education, training and skills arena strengthens the Trustee skills set surrounding the area of further and higher hospitality education.


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