Staff signing bank mandates
Case studies

Staff signing bank mandates

1 Nov 2014
Tags: Banking

Sam Coutinho advises the chair of a charity who has discovered staff have been signing bank mandates.

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Staff signing bank mandates

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Misplaced trust in chair and executive

This year, the charity expects a turnover of just over £22m, double that of the previous year. The charity has had four years of significant growth with funding pouring in and the number of public service contracts soaring.

Beware the powerful expert

Readers of governance will be familiar with the concept of ‘founder syndrome’. That is to say, where either an individual or corporate body that has been responsible for promoting or setting up a new charity seeks to thwart (whether wittingly or otherwise) the orderly running of its activities and strategic direction by the properly appointed body of trustees... More often than not founder syndrome can be sorted out by a board of trustees taking a grip of the problem and acting collectively. A few years ago however I encountered a more virulent strain of the condition. Indeed, looking back on it, I fear I may have witnessed a dangerous mutation which crossed a nascent Napoleon complex with the founder syndrome to produce what I will name ‘the founder’s expert acolyte’.

Preparing for closure

Stephen Dunmore, interim chief executive, discusses the governance issues facing trustees of the Diana, Princess of Wales Memorial Fund as it plans its demise. Defining governance in its fullest sense always seems slightly problematic, since most definitions focus on processes, structures and compliance with laws. However, most of us who work in civil society know intuitively that governance is far wider in scope than a standard, technical definition might imply.

A young board which is constantly learning

Ani Brooker, vice chair of Young Advisors, describes the role the charity takes in making sure that youth leadership is not tokenistic, but genuine and meaningful empowerment.

Good advice, but there is an important point to add: merger is rarely a proper answer to impending insolvency.

» Trustees ignoring looming insolvency

Dealing with a thick-skinned troublesome trustee

Rose Wilson and Su Sayer offer advice as to how best to deal with a difficult trustee who just won't budge.

Opportunity or over-dependence?

A newly appointed trustee soon discovers major financial problems and inadequate financial controls.

Tartan trouble

The story of a charity founded in Victorian times with a terrible reputation in the local community who felt its practices were still embedded in the last century.

Board appraisal at RNIB

At RNIB, we value the work our board does. Trustees are engaged and interested in the work of the organisation and we generally work as a team. But as the chair, I have a responsibility to keep us working well together. Appraising trustees is one of the ways we seek to do this.

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