Social investment by charities: Law Commission's final recommendations published
The Law Commission has published its final recommendations to government on reforming the law relating to social investment by charities.
The principle recommendations are to introduce a new statutory power for charity trustees to make social investments and that charity trustees' duties specific to social investment be set out in statute. If introduced, the new statutory power and duties would apply to all charity trustees, including those of permanently endowed charities.
The Law Commission has also recommended that the reforms be accompanied by corresponding changes to tax legislation and guidance, as well as improvements to the Charity Commission's guidance on social investment and permanent endowments.
Click here to access a summary of the report.