Someone invites you to be the trustee of an org and you accept with glee thinking it's a prestige position. I laugh in Itsekiri😂. What you don't know is that you're being setup to be held accountable & responsible for the actions of the org. Think am well O before you say Yes O!
If that organisation is being dragged to court, it is your name that will be on the court summons. If the government has an issue with the activities of the organisation, it is you they will call not the founder or GO or Imam. You hold by law the Fiduciary responsibilities.
So before you say YES!
1. Ask Questions. What are the objects of this organisation? How will it be funded? Who are the likely funders? Who are the members?
2. Request for documents. e.g. the draft Constitution, agreements etc. What you're doing is matching answers to documents
1. Ask Questions. What are the objects of this organisation? How will it be funded? Who are the likely funders? Who are the members?
2. Request for documents. e.g. the draft Constitution, agreements etc. What you're doing is matching answers to documents
3. Do your own KYC. Know Your Co-Trustees. Know the founder. Know their antecedents. Do your own investigation and be comfortable with them.
4. Prepare a letter of undertaking for the founder to sign that the information made available to you is accurate and of no illegal intent
4. Prepare a letter of undertaking for the founder to sign that the information made available to you is accurate and of no illegal intent
At any point in the process, if you are not comfortable with the information provided, do not hesitate to respectfully decline.
If already a trustee, know that you bear no personal liability for the actions of the organisation. The org must bear all legal cost incurred.
If already a trustee, know that you bear no personal liability for the actions of the organisation. The org must bear all legal cost incurred.
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