So you want to become a Trust Director, what does that mean?
Firstly, and perhaps mostly importantly the Trust is a Limited Company, which means that by becoming a director you are bound by a set of Directors Responsibilities that are set out by UK company law. These can be summarised as:
• try to make the company a success, using your skills, experience and judgment
• follow the company’s rules, shown in its articles of association
• make decisions for the benefit of the company, not yourself
• tell other shareholders if you might personally benefit from a transaction the company makes
• keep company records and report changes to Companies House and HM Revenue and Customs (HMRC)
• make sure the company’s accounts are a ‘true and fair view’ of the business’ finances
• if necessary register for Self Assessment and send a personal Self Assessment tax return every year
So now you’ve understood the legal requirements, what will you be required to do in your duties as a Trust Director?
Time commitment can vary depending on your role and the duties you are required to/happy to take on. On average you’ll be expected to be spending an average of around 2-3 hours per week on Trust related duties. This can vary, events and some meeting will require a large amount of intensive time, whilst other weeks there may be only an hour of time required.
Term of Office
Once voted onto the board you are expected to serve a 3 year term. Once you have served 3 years you are automatically required to resign. If you wish you can stand for re-election.
Trust Oldham holds meetings on a monthly basis. As a director you’ll be expected to attend all board meetings and open fan meetings/events. We know this isn’t always possible, but it is vital to the good governance of the Trust that you are able to attend the vast majority of meetings and events over the course of a season.
Your attendance at Board Meetings is recorded and published for members to see.
Your duties/responsibilities are largely dependent on your role. Some Trust roles do require specific skills, however, enthusiasm, commitment and a willingness to muck in are all that is really required. When you join the board of directors we’ll try and ensure your duties are suited to your skills.
It will be the case that from time to time you may have to take on extra responsibilities that are less familiar. At each board meeting you will be required to produce a report on your activities from the previous month for your fellow directors.
Everyone needs help from time to time so be prepared to get your sleeves rolled up and muck in on everything.
As soon as you become a Trust Director you’ll essentially become an ambassador for the Trust. This will mean you will be expected to conduct yourself in the public arena responsibly. This includes on social media, and though we encourage you to continue to have your own views on the beautiful game and our football club, you should be aware that everyone will now look at you as a Trust Director. With the Trust being so closely linked to the football club it is even more vital that you conduct yourself in an ambassadorial manner.
Within the Trust there are 4 key roles: Chair, Treasurer/Finance Director, OAFC Board Representative and Secretary. To some level each of these roles requires a specific skill and as such the rest of the board of directors are charged with selecting the most suitable candidates for these roles.
If you don’t feel a full director role suits you, you can be co-opted instead. In essence you retain the voting rights of a director and retain the responsibilities without the additional burden of full office. This has suited many current directors as it allowed them time to understand the roles and the commitment required before standing for full director status.
There is a limit to the number of co-opted directors on the Trust Oldham board at any time, for more information on this contact the Trust.
Becoming a director at Trust Oldham isn’t easy, but it can be hugely rewarding in terms of playing your part in ensuring our football club is thriving for future generations of fans.
This list isn’t exhaustive so, if you are interested in getting more information about becoming a Trust Director email [email protected]