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4th Trusts and Trustees Forum: 'Efficient trusts. Legal responsibility of members'

18/03/2014 (dd/mm/yyyy) | Barcelona

Related documentation 

Nueva Ley de Transparencia de Informción Pública y Buen Gobierno
Informe sobre responsabilidad de los patronos de las fundaciones

To safeguard the future of any entity, it is vital for its trust to be competitive, capable and diligent. Its members must be aware of their obligations as trustees, including their legal responsibility.

Spanish regulations governing private foundations usually provide a framework of responsabilidad civil (tort) for trustees.

The regulations governing foundations are very similar to those of sociedades anónimas (limited liability companies) "which specify that trustees must perform their duties with the diligence of a loyal representative, and are jointly and severally liable to the entity for any damage caused by acts that breach the Law or the By-Laws and likewise for any acts committed without the diligence with which they should perform their duties".

Hence, members of the trust or officers of the foundation respond personally with their own assets for any damage caused to the entity in the performance of their duties. They may be jointly and severally liable with the other board members or trustees, even for decisions in which they have not participated.

As a result, it is advisable to be fully aware of the legal obligations assumed and the aspects or areas that should be well covered.

This Trusts and Trustees Forum organised by Alumni Giving Back will be taking a look at the legal responsibility of trustees with talks by:




Presents and moderates the discussion:
Alfred Vernis (Lic&MBA 88), Executive Director of University Programmes Unit at ESADE and member of Alumni Giving Back Advisory Board

Raimón Bergós, Lawyer and Secretary General of the Catalan Coordination of Foundations
Antoni Sansalvadó Tribó, President of the Barcelona Banc D’Aliments
Eduard Arruga Valeri, Secretary of the Barcelona Banc d’Aliments
Xavier Pedrós, President of the Marianao Foundation

After the session we will offer a network cocktail.

For further information:
935 530 217

With the collaboration of:

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