what every trustee needs to know
TRANSCRIPT
![Page 1: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/1.jpg)
What every trustee needs to know (beginner/refresher session) Bethan WalshSolicitor, Charity Law & Social Enterprise
15th March 2016
![Page 2: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/2.jpg)
IntroductionKey themes•Trustee role and duties•Good Governance•Trustees and staff•Trustee liability
![Page 3: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/3.jpg)
Trustee DutiesBasics•Compliance•Prudence•Care
“The buck stops here”, “Fiduciary Responsibility”Good governance
![Page 4: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/4.jpg)
Trustee Duties - Compliance• Governing Document
– The objects– The powers– Administrative/Appointment provisions
![Page 5: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/5.jpg)
Trustee Duties - Compliance• The law
– Charity law– Company Law– Tax law– Other relevant laws
![Page 6: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/6.jpg)
Trustee Duties - PrudenceSensible Trustees will:•Use assets / funds properly•Operate effective management and financial controls•Keep the charity solvent•Undertake risk assessment•Delegate appropriately•Address special matters – land; borrowing; investments; reserves
![Page 7: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/7.jpg)
Trustee Duties – Duty of Care• Generally
– Reasonable care and skill– Take professional advice
• Statutory duty of care– Companies Act 2006– Charities Act 2011– Trustee Act 2000• Issues– Trustee meetings and acting collectively– Conflicts of interest and loyalty
![Page 8: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/8.jpg)
Trustees & Staff
Trustees StaffStrategy RecommendPolicy UndertakeSupervision Report
Decide and delegate Carry out delegations
![Page 9: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/9.jpg)
Key issues to remember:• Know your governing document• Know and understand your objects• Ensure activities further objects• Ensure public benefit• Avoid/manage conflicts of interest• Read the papers• If in doubt, take advice
![Page 10: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/10.jpg)
Trustee Liability• If trustees have acted prudently and in
accordance with the law and the governing document then:– generally all liability to be met from charity’s
resourcesBut if not :
• Possible personal liability• Collective responsibility
![Page 11: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/11.jpg)
Taking Governance to The Next LevelRead•CC3 – The Essential Trustee•CC10 – Hallmarks Of An Effective Charityand•Good Governance – A Code for The Voluntary & Community Sector•www.governancecode.org
![Page 13: What every trustee needs to know](https://reader036.vdocuments.us/reader036/viewer/2022062823/5876071c1a28ab4a508b6c99/html5/thumbnails/13.jpg)
Thank You