Governance Review

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In its 200th year, The Old Vic is modernising its Articles, as recommended by the updated Charity Governance Code published in July 2017.

As part of that modernisation, subject to Charity Commission approval, we propose to update the objects of the Charity to ensure they reflect our commitment to promoting the arts for the public benefit, and to the cultural heritage of The Old Vic; and appoint future Trustees for three year terms, up to a maximum of three consecutive terms. A rotation schedule has been agreed in order to ensure that the management and board retains the benefit of experience whilst regularly looking for opportunities to bring in new skills. As part of this process, Stephen Daldry will step down after a long period as Trustee to focus on his directing commitments.

Separately, in acknowledgement of her outstanding contribution to The Old Vic, as well as her commitment going forwards, it is proposed that Sally Greene OBE will be recognised as Founding Trustee. This is a position which, subject to standard qualifying provisions in the Articles, she shall be entitled to hold for life. Nick Clarry remains as Chair of The Old Vic, and the management is unchanged; the theatre continues to be led by Artistic Director Matthew Warchus and Executive Director Kate Varah.

Today, this team builds on 200 years of creative adventure with a bold anniversary season of world premiere productions and a social mission that sees 10,000 young people participate in education, community and talent projects in a building that buzzes with life day and night. The Old Vic in 2018 is a surprising, unpredictable, ground-breaking, independent beacon of accessible, uplifting and unintimidating art. It pioneers a unique model – an independent theatre with no subsidy, surviving solely through the generosity of audiences and philanthropists, fuelled by the belief that theatre needs to be supported, shared and upheld for as many people as possible.

Nick Clarry, Chairman said: ‘Over the past eight months since the Governance Code was published, The Old Vic board has been working to modernise its governance arrangements, which have remained largely unchanged for the past 20 years. As this iconic theatre approaches its 200th birthday in May of this year, the Board and senior team are working together to realise the vision for The Old Vic as a sustainable, artistic powerhouse and indispensable part of the nation’s theatre.’

Sally Greene OBE said: ‘Since I led the bid to save the theatre from closure in 1998, I have been proud to hold the honorary title of Chief Executive of The Old Vic. As part of the governance review, my fellow Trustees and I propose to change my title to one that more appropriately reflects the role that I play within The Old Vic, to Founding Trustee. I look forward to continuing my work with the theatre to ensure that The Old Vic remains at the forefront of Britain’s world leading theatre community.’