I personally agree with TD's comments on which MoA options we should choose, but perhaps the decision over Clause 5 Option 1 or 2 here:
http://www.charity-commission.gov.uk/Library/publications/pdfs/gd1text.pdf
is controversial.
Do we want to allow directors to:
. "enter into a contract for the supply of goods or services to the charity where that is permitted in accordance with, and subject to the conditions in, section 73A of the Charities Act 1993."?
. "receive interest on money lent to the charity at a reasonable and proper rate which must be 2% (or more) per annum below the base rate of a clearing bank to be selected by the Directors."?
. "receive rent for premises let by the Director to the charity if the amount of the rent and the other terms of the lease are reasonable and proper and provided that such a Director shall withdraw from any meeting at which such a proposal or the rent or other terms of the lease are under discussion."?
Again, your comments are appreciated.
Tom
Do we want to allow directors to:
· "enter into a contract for the supply of goods or services to the charity where that is permitted in accordance with, and subject to the conditions in, section 73A of the Charities Act 1993."?
· "receive interest on money lent to the charity at a reasonable and proper rate which must be 2% (or more) per annum below the base rate of a clearing bank to be selected by the Directors."?
· "receive rent for premises let by the Director to the charity if the amount of the rent and the other terms of the lease are reasonable and proper and provided that such a Director shall withdraw from any meeting at which such a proposal or the rent or other terms of the lease are under discussion."?
I say "yes" because of the added flexibility. For example, we could end up with a board member that happens to run a catering firm and can do the refreshments for the AGM at cost price, we should be able to accept that offer. (I haven't actually looked at section 73A of teh Charities Act 1993, so I'm not 100% sure that example would be allowed anyway, but I'm guessing it would.)
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