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Section 18: Duties and powers of Council

Foundations Act · PART II: ESTABLISHMENT OF FOUNDATION

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

18. Duties and powers of Council (1) A Council shall— (a) conduct the affairs of its Foundation in accordance with its charter and Articles, if any, and this Act; (b) generally supervise the management and conduct of its Foundation; (c) act honestly and in good faith with a view to promoting the best interests of the Foundation; and (d) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. (2) (a) A Council may appoint such officers as may be necessary for the effective discharge of its duties and obligations under this Act, the charter and Articles, if any. (b) An officer shall be under the supervision of the Council and shall act in accordance with the instructions of the Council. (3) A charter, or Articles, if any, may specify the duties and powers of a Council and provide for other duties and powers, in addition to those provided for in subsections (1) and (2). (4) Notwithstanding any defect in the appointment or qualification of a member of a Council, every act of the Council shall be valid.

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