Community Member-Elected Director

All board members are required to act in the best interests of the Society in accordance with its rules, code of practice and relevant legislation.

Directors must:

• Have and accept ultimate responsibility for directing the affairs of the Society, and ensure that it is solvent, well-run, and delivering the outcomes for the benefit of the public for which it has been set up.
• Ensure that the Society complies with the law, and with the requirements of the Financial Conduct Authority as regulator.
• Ensure that the Society does not breach any of the requirements or rules set out in its governing documents and that it remains true to the purpose and objects set out there.
• Comply with the requirements of other legislation and other regulators (if any) which govern the activities of the Society.
• Act with integrity and avoid any personal conflicts of interest or misuse of Society funds or assets.
• Ensure that the Society is and will remain solvent.
• Use funds and assets reasonably, and only in furtherance of the Society’s objects.
• Avoid undertaking activities that might place the Society’s, funds, assets or reputation at undue risk.
• Take special care and skill in their work as board members, using their personal skills and experience as needed to ensure that the Society is wellrun and efficient.
• Consider seeking external professional advice on all matters where there may be material risk to the Society, or where the board members may be in breach of their duties.
• All board members are required to sign their agreement to the duties and code of practice of directors and disqualification declaration when they join the board. A copy can be found at: Documentation | Inspire - Culture, Learning, Libraries