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.