Community Trust South operates under the Community Trusts Act 1999, the Trustee Act 1956 and the terms of our Trust Deed. The purpose of this Act is to make provision for the continued operation of the community trusts that were established under the Trustee Banks Restructuring Act 1988 to acquire the shares in the capital of a trustee bank's successor company.
Given the size of the south's community and the varied interests, and roles of our trustees, situations involving conflicts of interest, whether actual or perceived, are unavoidable.
In order to maintain the integrity of the trust and trustees, the principles of impartiality, honesty, transparency and openness guide us in the identification, disclosure and management of any conflicts of interest.
In most situations the handling of conflicts of interest will be uncomplicated, however we know not all situations can be anticipated so our policies and procedures guide us and the Board exercise prudent judgement on a case by case basis.