It compares to David Cameron's salary of around £142,500. Which is also less than some Peterborough City Council packages... ( all come with endless Pizza slices and hot dogs with kibbled onions!)
The National Audit Office (NAO) said Durand Academy Trust had claimed the package was justified because Sir Greg's role additionally takes in leadership of a primary school, an early years centre and a middle school for 11 to 13-year-olds.
And its report says that while the Department for Education believes headteachers' pay is a matter for academy trusts, the Education Funding Agency (EFA) "is planning to undertake a review of academy heads' salaries, but has yet to finalise the scope of this".
It also features the findings of its investigation into the EFA's monitoring of the Durand Academy Trust. There are interesting parrallells
"There were several individuals that were involved in two or more of the associated public entities or trading companies," the report says.
"There were also individuals that sat on the board of the academy trust that were directors or staff at companies that the academy trust had contracted or purchased services from, and other transactions between individual connected parties.
|Cllr Irene Walsh CON Stanground Central|
"Some contracts had been awarded without competition." Locally in Peterborough, it was alleged that Cllr Irene Walsh (Conservative Stanground Central) who just scraped back in with a handful of votes after the last Local government Election and following several tearful vote recounts; was 'magically' appointed to the board of Stanground Academy. Her fellow Conservative Councillor in Stanground Central is none other than the Dear Leader Cllr Marco Cereste who is up for re-election in May 2015.
The watchdog pointed to a separate report that said that a series of actions had been agreed with Durand to address particular issues.
The report adds that the EFA's judgement on whether a disclosed related party transaction presents a risk to public funds is often based on sources of information such as whistleblowers or its own register of academies of national concern.
"The agency does not routinely follow-up with academies to ensure that related party transactions have been disclosed nor do they have the capacity to be able to carry out these checks," the NAO concludes.
Figures show that in 2012/13 out of 2,256 academy trust financial statements which were reviewed by the EFA, 976 included disclosures of related party transactions, the NAO found.
Margaret Hodge, chair of the Commons public accounts committee, said: "It feels just wrong that individuals sitting on the board of the Durand Academy Trust could set up such a complex web of organisations and companies, some of which are selling goods and services to the academy.
"It's not at all clear if individuals within the trust were improperly benefiting from these companies.
A spokesman for Durand Academy Trust hailed Sir Greg's "brilliant leadership".
"The EFA has been absolutely clear that the arrangements the NAO looked into have delivered 'significant benefits for the pupils of Durand' and were established in good faith," he said.
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