Do we want to allow directors to:
· "enter into a contract for the supply of goods or services to the
charity where that is permitted in accordance with, and subject to the
conditions in, section 73A of the Charities Act 1993."?
· "receive interest on money lent to the charity at a reasonable and
proper rate which must be 2% (or more) per annum below the base rate of a
clearing bank to be selected by the Directors."?
· "receive rent for premises let by the Director to the charity if
the amount of the rent and the other terms of the lease are reasonable and
proper and provided that such a Director shall withdraw from any meeting at
which such a proposal or the rent or other terms of the lease are under
discussion."?
I say "yes" because of the added flexibility. For example, we could
end up with a board member that happens to run a catering firm and can
do the refreshments for the AGM at cost price, we should be able to
accept that offer. (I haven't actually looked at section 73A of teh
Charities Act 1993, so I'm not 100% sure that example would be allowed
anyway, but I'm guessing it would.)