The 'I' word
March 2010
Stephen Lloyd returns to the theme of insolvency with a reminder of the legal framework and the practical implications of liability and protection
An economic downturn of the size we are facing inevitably forces trustees and executives of charities to consider whether or not their charity will be able to weather the storm. For this reason it is vital that you understand the legal framework that governs your organisation and inevitably the ‘I’ word (insolvency) is used frequently.
Author: Stephen Lloyd
Stephen Lloyd is senior partner of Bates Wells & Braithwaite London LLP and in his spare time is chair of the Centre for Innovation in Voluntary Action; vice-chair of Global Cool Foundation and serves on three other charities.
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