Who will the trustees be in an Employee Benefit Trust?
In a small company, the Trustees will typically be representatives from management (e.g. the managing director) and from the workforce (possibly elected). There is also usually some merit in having one or more “independent” trustees, not connected to the company but acceptable to both the management and employee representatives. (A balanced trustee board, where the EBT is not seen to be under the control of the company, is usually helpful for tax and accounting reasons.) It should be borne in mind, that regardless of who the trustees are, they must always act in the best interests of the beneficiaries.
