Our Members
What are members?
Every trust has members who have a similar role to shareholders of a company limited by shares. Members have very specific powers and ultimately hold the Trust Board to account. They:
are the subscribers to the memorandum of association of the Trust.
may amend the articles of association subject to any restrictions created by the funding agreement or charity law
may, by special resolution, appoint new Members or remove existing Members other than, where there is one, the foundation/sponsor body and any Members it has appointed
have powers to appoint Trustees as set out in the Trust’s articles of association and powers under the Companies Act 2006 to remove Trustees
may, by special resolution, issue direction to the Trustees to take a specific action
appoint the Trust’s external auditors and receive (but do not sign) the audited annual report and accounts (subject to the Companies Act)
have power to change the company’s name and, ultimately, wind it up.