What are the Trustees responsibilities?
The Trust Deed empowers the Trustees “to do any act or thing in the management and investment of the Trust which in their judgment is wise and proper and in the best interests of the Trust and to the same extent as though they personally and beneficially owned the Trust Property”. These duties include establishing an investment policy and ensuring that it is reviewed, updated and approved by the VG General Assembly at least once every five years. Trustees are to delegate their investment responsibilities to professional investment managers. The trustees are responsible for appointing (terminating) and supervising the Fund’s investment manager(s), custodian and other Fund Agents such as legal advisors, auditors and consultants. The Trustees are responsible for ensuring compliance with the terms of the Investment Policy guidelines and for evaluating the Fund’s investment performance. The Trustees are charged with the responsibility of formally communicating Fund performance to the Leader
