This document summarizes a master class on future schools and leadership challenges presented by Stephen Murgatroyd. It discusses key factors shaping the future like demographics, technology, and the economy. It also examines different models of schooling and the transition underway. Murgatroyd outlines challenges for schools like building resilience and equity. He discusses theories of leadership and strategies for leading change within schools and across systems. The top challenges identified include work-life balance, sustaining teacher engagement, and building communities of practice to support leadership.