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30.—(1) A supervising authority must direct the governing body of a maintained school to either reduce its involvement in the management of the school company or resign as a member of the company in the following circumstances:–
(a)the school is subject to special measures;
(b)the school has serious weaknesses;
(c)the supervising authority considers that the school is likely to become subject to special measures or be assessed as having serious weaknesses within the next year; or
(d)the school has a deficit budget.
(2) A supervising authority must direct all the governing bodies of maintained schools who are members of a school company to resign as a member of the company if it fails to comply with a direction under regulation 29(b).
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