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About The Board
"Masiela (Orphans) Trust Fund was set up to raise funds to meet the immediate needs of orphans and vulnerable children in the country by collecting, receiving and holding all funds and other assets donated, granted, bequeathed, inherited or in any manner made or becoming available and which the Board in its discretion accept."
RESPONSIBILITIES OF TRUSTEES
- The management of the Trust shall be vested in the Board of Trustees which may appoint competent full-time and part-time personnel to provide for the sound management of the Trust, and shall ensure that such officers report regularly to the Board on the operational and financial activities of the Trust.
- Trustees shall attend regularly the meetings of the Board to keep themselves informed on the activities of the Trust, they are also mandated to receive, consider, and review financial and operating report of the Trust and to ensure that adequate books and records of the financial and operating activities of the Trust are maintained. They have to keep the public accurately informed of such activities.
- Trustees shall protect the interest of the Trust to the best of their abilities. They shall at all times disclose any interest whether it be pecuniary, financial, direct or indirect, which they may have personally in any company or juristic persona with which the Trust may contract or otherwise deal, or with any company or other juristic persona owned, operated, or controlled by the Trust. Provided that if such disclosure is in full, and providing the Trustees approve of same, a Trustee shall not be disqualified thereafter on account of such interest or of profit there from, provided that where a Trustee has an interest in any matter, he shall not be entitled to vote on any decision concerning such matter.
POWERS OF TRUSTEES
The Board of Trustees are empowered, inter alia, to
- Raise funds for the furtherance of the objects of the Trust and for the implementation of any specific projects geared to these objects;
- Acquire, have custody, control and dispose of movable and immovable assets of the Trust;
- Invest the funds of the Trust as it deems fit;
- Operate bank account and appoint signatories to such accounts;
- Select, appoint, or dismiss personnel of the Trust, set their remuneration, and establish conditions of service.
- Carry out any other act necessary for the fulfillment of their responsibilities and the objects of the Trust;
Financial Management
The Trustees shall cause proper books of accounts to be kept in accordance with the accepted accounting procedures and practices. Audited books of accounts shall be presented to the members at the Board Meeting and a copy of the same audited accounts together with the Auditor’s Report will be made available to all members.
Composition Of Board Of Trustees
- The Board of trustees is made up of eight members representative of Government, business entities and civil society organisations.
- The Patron shall consider and approve names of able bodied citizens recommended to him/her by the Executive Management of the Trust as members of the
- Board of Trustees.
- The Board of Trustees shall consist of eight (8) members being appointed in accordance with above.
- Tenure of office for Board of Trustees shall be three (3) years.








