Trustees’ Week 2015 is 2–8 November
Trustees are the people in charge of a charity. They play a vital role, volunteering their time and working together to make important decisions about the charity’s work. Trustees’ Week is an annual event to showcase the great work that trustees do and highlight opportunities for people from all walks of life to get involved and make a difference.
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ABOUT CONFLICTS OF INTEREST
You have a legal duty to act in your charity’s best interests when making decisions as a trustee. If there’s a decision to be made where a trustee has a personal or other interest, this is a conflict of interest and you won’t be able to comply with your duty unless you follow certain steps.
For example, if you’re a trustee, you would have a conflict of interest if the charity is thinking of making a decision that would mean:
- you could benefit financially or otherwise from your charity, either directly or indirectly through someone you’re connected to
- your duty to your charity competes with a duty or loyalty you have to another organisation or person
Conflicts of interest are common in charities – having a conflict of interest doesn’t mean you’ve done something wrong. But you need to act to prevent them from interfering with your ability to make a decision only in the best interests of the charity.
Follow a 3 step approach (identify, prevent, record) so that you are able to comply with your duty and avoid:
- making decisions that could be overturned
- risking your charity’s reputation
- having to repay your charity if you make unauthorised payments to trustees
Legal requirement: you MUST declare a conflict of interest immediately you are aware of any possibility that your personal or wider interests could influence your decision-making.
More details can be found here