CC14 "overwhelming" for some trustees, says CFDG

Finance | Gareth Jones | 28 Feb 2011

The Charity Commission’s revised CC14 guidance places too much responsibility on trustees, CFDG has argued.

In its consultation response, the finance directors’ body said some trustees, particularly those without investment knowledge or experience, “may find the guidance overwhelming’, highlighting that they are now required to set the policy statement, assess the ability of an investment manager and judge their performance.

CFDG also addresses a passage in the draft guidance which stipulates that “a trustee who has some specialist knowledge…is expected to use it when acting as a trustee”.

The umbrella body argues that while it is understandable that trustees with more professional knowledge will be expected to use it, and indeed are often selected for this expertise, decisions should be collective.

Meanwhile, CFDG says that while the guidance is generally clear and easy to understand, there is a need for added bullet points, summary lists and tables.

It also points out that some areas may become out-of-date “very quickly” due to changes in the investment landscape.

Directory: Charity Finance Directors' Group (CFDG)

Comments

[Cancel] | Reply to:

Name *

Email *

Organisation

Job Title

Comments *

Verification *

* Please read our Community Standards

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

Robust but respectful debate
Strongly held opinions
Intelligent relevant discussion
The sharing of relevant experiences
New participants

We will not publish:

Rude, threatening, offensive, obscene or abusive language, or links to such material
Links to commercial organisations or spam postings. The comments board is not an advertising platform
The posting of contact details for yourself or others
Comments intended for malicious purpose or mindless abuse
Comments purporting to be from another person or organisation under false pretences
Gratuitous criticism, commentary or self-promotion
Any material which breaches copyright or privacy laws, or could be considered libellous
The use of the comments board for the pursuit or extension of personal disputes

Be aware:

Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
Comments left by others may not be accurate, do not rely on them as fact
You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

Enjoy the opportunity to express your opinion and respect the right of others to express theirs
Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.