As Board President or Chair of the Committee on Trustees, consider a periodic review of your school’s charter as a matter of due diligence. Many leaders assume that, once their school has been incorporated, there is never anything else to think about in that regard. If you are fortunate, that may be true. But it may not. A school becomes a legal entity when its charter is accepted by the appropriate government agency for filing. This fundamental document, also known—depending on the state—as a Certificate of Incorporation or Articles of Incorporation, sets forth the purpose of the corporation. Traditionally, this document defines, limits, and regulates the powers of the school, its Board of Trustees, and its officers.