Strict duties for trustees made their way into company Law News and were applied to directors and chief executive officers. Another example of a trustee’s duty might be to invest property wisely or sell it. This is especially the case for pension funds, the most important form of trust, where investors are trustees for people’s savings until retirement. But trusts can also be set up for charitable purposes, famous examples being the British Museum or the Rockefeller Foundation.
- A similar tendency to seek definitions which are distinct from those used in other areas of social policy can be found in anti-discrimination law.
- Consultation responses We develop policy in response to proposals for changes in the law, which come from a variety of sources, including government departments and non-governmental organisations.
- Yet they tend to dismiss custom as being of slight importance compared to legislation (Georgiadis, General Principles of Civil Law, 19;