There may be work to do to convince a board of Trustees to support engagement in a SIB programme. In forming a case, it can help to draw from the material that you prepare for the investor. In addition, you may need to prepare the following for your board:
- Risk analysis
- Show potential financial losses or gains
- Suggest how much risk you are prepared to take on
- Case for pursuing the SIB for this intervention
- Show pros/cons vs other methods of financing
- Background on potential partners
- Expertise, capability, and relationship with all stakeholders you propose as partners
- Suggested role for the board
- To make this a success, what could you ask the board to do?
Later in the contracting process, you will develop a governance structure – perhaps, setting up a governing committee or establishing an official SPV board – to oversee the SIB. At least one trustee from the service provider’s own board are likely to be on this.