Number eight on our list of trustee ‘need to know’ is the limited powers available to trustees to delegate their responsibilities and powers. These vary between the collective delegation of authority by all the trustees and the power of an individual trustee to delegate. The individual trustee can delegate his or her authority through a power of attorney, but there are limitations. It must be renewed every year, the trustee remains liable for the actions of the attorney and all the other trustees must be notified promptly.
This will be one of the topics reviewed in more depth during the forthcoming Trustee Training Events at Rhug estate and Ragley Hall, organised in conjunction with the CLA. For more details:
This is the eighth of 10 brief ‘Need to Know’ notes for trustees and their professional advisers.