Categories Diversity & Inclusion Charity Matters: Episode #4 - Managing conflicts

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  • uploaded September 27, 2021

Charities, rightly, have a special status in our society. No other private organisations exist exclusively for public benefit. But as a result, the trustees, and those who run the charities, are judged by strict standards as custodians of funds that the public has provided to enable them to do good works. In episode 4, we look at two key principles that apply to trustees: the “no conflict rule” and the “no profit rule”. We describe a trustee’s duties to the charity, managing, avoiding and authorising conflicts of interests, and the consequences of breaching these rules. We also review the circumstances in which trustees may receive authorised payments from their charity.

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