As part of our ongoing series of ‘Short Focus Series’ here are some brief thoughts about some of the responsibilities you have as a trustee of your charity.
Before you start make sure you are eligible.
As a trustees you have six main duties:
As a trustee you should make decisions about the charity together with your fellow trustees, working as a team. There are a set of guidelines about decision making and these include, acting within your powers, in good faith, ensuring your decisions are informed taking into account all relevant factors, dealing with conflicts of interest and ensuring decisions are within your guidelines as laid down in your Governing Document.
Trustees of Charities can be personally liable, although this is extremely rare, if they cause financial loss by acting improperly or if a third party has a legal claim that the charity can not meet. It is important to understand the risks and protect yourself and the charity.
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