Charity board members in Bermuda have significant legal duties
Bermuda is well known for its charitable and philanthropic organisations. There are more than 400 registered charities in Bermuda, varying in size, reflecting a broad range of purposes. Between them and their unregistered counterparts, they make a vital contribution to the community, which would otherwise pull heavily on the government’s purse strings.
Directors and officers of such organisations play a vital role in serving their causes and the community by ensuring that proper procedures and policies are in place to manage a charity’s resources effectively.
Bermuda charities can take the form of an unincorporated association, a company limited by guarantee, a company limited by shares, a company incorporated by private act, or a trust.
The consequence of this dichotomy is that charities are subject to laws relating not just to registered charity status, but also to the laws relating to its structure…
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