This guidance note offers the charity secretary or governance professional of a charitable company limited by guarantee an outline of the information that should be considered when dealing with the change of trustee and director. As such, it is a specimen document for charities to amend to suit their needs.
For a charitable company limited by guarantee it is essential that trustees are aware of their legal duties both as trustees under charity law, and as directors under company law. This guidance note covers registered charities in England and Wales. Although principles of good governance transcend national borders, it is important to bear in mind the specific differences in charity legislation for those charities operating in Scotland, Northern Ireland, and elsewhere.