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- Considering the rules of the scheme .
Member-nominated trustees and member-nominated directors
Member-nominated trustees and member-nominated directors
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Considering the rules of the scheme
The rules of the scheme will contain provisions for the appointment of trustees. As part of putting arrangements in place that provide for at least one third of trustees or at least one third of directors of the trustee company to be member-nominated, trustees need to consider these provisions.Trustees and employers should note that where any of the rules of the scheme on the appointment of trustees conflict with the legal requirements for MNTs and MNDs, these legal requirements override the rules of the scheme.
For more information on the legal requirements see What are the legal requirements for MNTs and MNDs?
There may be provisions in the rules of the scheme where there is no conflict (since the legal requirements do not cover them) and trustees will need to have regard to these. Examples are:
- term of office for trustees
- resignation of trustees
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| Related documents |
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| MNT/MND code of practice (PDF) |