The principle of equality
21 July 2015
Charity CoSecs must be aware of the risks arising from investor categorisation
A universal principle in both company and charity law is that the directors and trustees are jointly and severally liable. However, recent changes in the investment world with the senior manager reporting requirements have raised the issue as to whether some directors are ‘more equal’ or more responsible for the actions of their organisations than others. A similar drift could be happening for charities holding investments. This affects chartered secretaries who are employed by charities...
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