Do the Governing Bodies have to be reconfigured if Trust membership changes?
A subsequent change in the trustees does not mean a change in the number of foundation governors appointed by the Trust. Governors are appointed for a term of office and will complete this term of office once appointed, unless either (a) they resign or (b) if the Trust (rather than individual trustees) votes to replace them. Therefore, a change in the trustees could lead to a change in the identity of the governors, though a reconstitution of the Governing Bodies would not be necessary. A change in the membership of the Joint Trust should have no immediate impact on the Governing Bodies, but might eventually lead to the appointment of new trustees.
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- Do the Governing Bodies have to be reconfigured if Trust membership changes?
