The Management Team is responsible to all stakeholders in general, and the Trustees, donors and beneficiaries in particular, for the performance and therefore the overall management of the Foundation.
The Management Teamâ€™s major responsibilities include ensuring that the Foundation:
Works towards achieving the goals and ideas set down in the founding document and agreed by the Board of Trustees, which include managing the affairs of the Foundation in such a manner so as to ensure the greatest possible benefits for the beneficiaries and protection of the assets of the Foundation.
- Operate within the Foundationâ€™s Governing Documents.
- Operate within the revaluations of the Corporate Affairs Commission, Charity Commission and the Common Law.
- Operates within the resolutions passed at meetings of the Trustees and at meetings of the Management Team.
In discharging the duties the Management Team is responsible for:
The overall strategy and structure of the Foundation and its subsidiary Funds as a whole,
The Foundationâ€™s assets and distributions and therefore the Foundationâ€™s operations.
In implementing this responsibility the Management Team has delegated authority to the Chief Executive Officer of the Foundation to manage the day-to-day operations, while retaining certain authority and responsibilities for itself.
The most important of these are:
The development of the Foundationâ€™s objectives, policies and budgets (annual as well as long-term) and the appraisal and monitoring of performance against these.
Taking appropriate corrective action when performance does not, after consideration of all the circumstances involved, meet these approved standards.
In addition, and without detracting from the above, the Management Team has retained the responsibilities detailed below:
â€¢ Financial policies and caveats
â€¢ Investment policy
â€¢ Foundation raising initiative policy and caveats
â€¢ Principles guiding the formulation of our grant making
The Management Team meets at least four times a year.