Bradford Academy is a charitable company limited by guarantee and as such the governors have duties as directors under company law and trustees under charity law. These duties are similar to those they have as governors of the Academy.
Their responsibilities as a charitable trustee are
- Duty of Compliance
- Duty of Prudence
- Duty of Care
Their Responsibility as directors are
- Duty to act within powers
- Duty to promote success of the company
- Duty to exercise independent judgement
- Duty to exercise reasonable care, skill and diligence
- Duty to avoid conflicts of interest
- Duty not to accept benefits from third parties
- Duty to declare an interest in a proposed transaction or arrangement
