Birketts EC3Legal – Supreme Court ruling: members of charitable companies owe fiduciary duties

• FOIL
• FOIL Ireland
• FOIL Scotland
• FOIL select

Author - Liz Brownsell

In a landmark decision the Supreme Court has ruled that the members of a charitable company owe fiduciary duties to the charitable purposes of the charity. This decision will be of relevance to all charitable companies, including some independent schools and all academy trusts. It will be particularly relevant to academy trusts, given the increasing regulatory emphasis on the role of members in the governance of academy trusts.