Which means at least 70% of governors at any school are not staff and don't need to have any background in education - and the staff on the governing body do not make operational decisions as governors, anyway, they do that as staff. And if they aren't the HT, they don't have much power over what operational decisions are made, really, anyway. The HT runs the school - the governors, who choose the HT generally get told what the HT wants and then, if they think it is reasonable, tend to agree that, they don't come up with jolly ideas of their own, so the HT makes or breaks the school, ultimately.
There have always been lots of rules on how school money is spent, so rubbish that the government has nothing to do with how governors spend it. Government also sticks its nose in an awful lot into how children are taught - hadn't you noticed??? And it is still sticking its nose in, now. It just doesn't want to be blamed when it all goes wrong. However, if the changes in schools are a complete mess up, it will be voted out.
Governors are not really like directors of a company - they don't share in any profits, they don't get paid anything, they don't get a whopping great severance package when they leave. Are up to 70% of directors of companies non-execs who hardly ever visit the company they make decisions about, unpaid and without any background in that or possibly even any sort of business?
If the governors of the school have been sensible, huge amounts of taxpayers' money have been spent on legal fees and they will have no intention of kicking Serco out and running the school themselves if it goes wrong, because they are not qualified to run schools by themselves, hence paying Serco, and would probably be fed up with the HT of the school if things were that bad, so would have to get rid of the HT, too, who is the one who is supposed to be the expert on how schools are run effectively. A headteacherless and Sercoless school is a school desperately looking round for a temporary Acting HT until someone permanent can be found, or using the deputy of the failing school to run things in the hope they will be better than the HT - meanwhile, no doubt, staff will be haemorrhaging out of the school if they possibly can. One would hope that LAs would have been in a better position to deal with this sort of thing than individual governors would, given that they employed trained, paid staff to help deal with this sort of situation, to whom governors could turn if they had a problem with their HT. Who will these governors now turn to if Serco turns out to be useless???