Charity Commission consults on new guidance for trustees
The Charity Commission has launched a consultation on its new guidance for trustees, and the closing date for comments is 17 February 2015.
The Commission has completely rewritten guidance note CC3, entitled 'The Essential Trustee: what you need to know, what you need to do'. The new guidance clearly explains what the Commission expects of trustees and the potential consequences if the minimum good practice standards are not met.
The current guidance distinguishes between what trustees must do (i.e. what are legal requirements) and what trustees should do (i.e. what is good practice), but it is unclear whether the good practice standards are optional. The new guidance clarifies this position and warns that those who do not meet the minimum standards are at risk of breaching their legal duties as trustees.
If you are a trustee and have any concerns about your charity's governance in light of the new guidance, please contact us.