Board of Trustees

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Board of Trustees

A body elected or appointed to govern a nonprofit organization. It establishes general policies for the organization, manages its finances and hires/fires major executives. A board of trustees is usually a self-perpetuating body.
References in periodicals archive ?
Funds were also asked about the confidence of their Trustee Boards in decision making, with the results wavering depending on the topic.
Where a conflict has been identified, a trustee board should have a process in place for deciding whether a more active form of conflict management is required.
Clare Beavan at LCVS said: "The idea of the seminar is to help charities identify the gaps in their trustee boards and look at what they can be doing to attract trustees.
The outsourcing of this role to professionals is perhaps the biggest benefit to trustee boards "
This potentially paves the way for other trustee boards and companies to agree similar arrangements".
Companies offering pensions would be wise to consider appointing women and younger people as members of trustee boards to generate greater interest in their schemes and improve communications from their members, writes Nevill Boyd Maunsell.
The issue, coupled with changes to pension regulations that make it increasingly difficult for company directors to manage conflicts of interest, could lead to a brain drain of valuable investment expertise from trustee boards, according to Aon Consulting, the pensions, benefits and HR consulting firm.