The American School of Valencia is legally formed as a limited liability corporation in the Kingdom of Spain, with all of its capital established by shares held predominantly by the parents of registered students at the school.
The Board of Governors is the highest executive body of the American School of Valencia, and its members are ratified in the General Shareholder’s Meeting. The members of the Board of Governors are parents of registered students at the school, who strategically plan the future ad long-term success of the school, provide financial oversight and offer community leadership. Daily operations are carried out by a professional team of school leaders for both academic and financial matters.
The Board of Governors is charged with the primary responsibility of:
1. Providing strategic planning and policy guidance for the future and long-term success of the school.
2. Providing fiduciary oversight of the financial operations of the school, including approving all annual school fees.
3. Hiring and evaluating the Director.
4. Building a strong and engaged school community.
The Board of Governors does not manage the day to day operations of the school, nor the teachers and staff. Similarly, the Board of Governors does not manage parent communication.
Through the General Shareholders Meeting, which is announced publicly and held each year, every shareholder is provided the opportunity to ratify the management plan being carried out (or that will be carried out) by the Board of Governors.
The ownership of the school belongs, generation after generation, to parents with a clear interest in the school and the education of their children. Consequently, the success of ASV is the result of the constant effort of successive generations, designed by parents as shareholders of the school.