Policies and Practices

There is a standard of care that is imposed on the directors and officers of a charity which affects the actions and activities of individuals who govern the affairs of the charity. The standard of care also addresses the extent to which the directors of a charity may delegate their responsibilities. One area of delegation involves the investment of a charity’s funds. It is prudent for the board of directors of a charity to have an investment policy and a monitoring system to oversee the implementation of such a policy.