The design and implementation of a financial school policy is an important function of the
School Governing Body. Although every public school designs a financial school policy, the
success of managing the school's finances effectively and efficiently is dependent on how
the policy is implemented. The aim of this research was to investigate the role played by the
School Governing Body (SGB) and the School Management Team (SMT) in the design and
effective implementation of the financial school policy. The impact of the South African …