Authority is delegated to the Chief Executive to manage the day to day operations and it is the role of the Chief Executive to enact the strategy determined by the Trustees. The Students’ Guild is run on a day-to-day basis by its staff, officers and volunteers directed by its members' needs.
The Trustee Board is accountable to the Students’ Guild’s members, to the Charity Commission and to the public in general.
According to the Charity Commission: "Trustees have and must accept ultimate responsibility for directing the affairs of the Charity, ensuring it is solvent, well run, delivering the charitable outcomes set out in its governing document".
Compliance – Trustees must:
- Ensure that the charity complies with charity law, and with the requirements of the Charity Commission as regulator; in particular ensure that the charity prepares reports on what it has achieved and Annual Returns and accounts as required by law;
- Ensure that the charity does not breach any of the requirements or rules set out in its governing document and that it remains true to the charitable purpose and objects set out there;
- Comply with the requirements of other legislation and other regulators (if any) which govern the activities of the charity;
- Act with integrity, and avoid any personal conflicts of interest or misuse of charity funds or assets.
Duty of prudence – Trustees must:
- Ensure that the charity is and will remain solvent;
- Use charitable funds and assets reasonably, and only in furtherance of the charity’s objects;
- Avoid undertaking activities that might place the charity’s endowment, funds, assets or reputation at undue risk;
- Take special care when investing the funds of the charity, or borrowing funds for the charity to use.
Duty of care – Trustees must:
- Use reasonable care and skill in their work as trustees, using their personal skills and experience as needed to ensure that the charity is well-run and efficient;
- Consider getting external professional advice on all matters where there may be a material risk to the charity, or where the trustees may be in breach of their duties.