The Charity Commission has published draft guidance aimed at supporting trustees in their decision-making.
The regulator is seeking views from trustees on the document It's Your Decision – guidance on decision-making for charity trustees, and on its content, style and approach.
The guidance sets out the principles that trustees should follow when making decisions and assessing the risk related to them. These include acting within their powers, in good faith and only in the interests of the charity, taking into account all relevant factors and managing conflicts of interest.
Trustees are also advised what to do if they cannot agree, when they need to ask the commission for advice and under what circumstances the regulator might get involved.
It also highlights that the commission does not monitor trustees’ decisions and they do not need to check with the commission whether any decision they have made is ‘correct’.
The commission said the guidance was part of its work to develop the self-reliance of charities and comes after the recent release of other tools, such as the trustee handbook.
Jane Hobson, head of policy at the commission, said: "It’s important for trustees to feel reassured that, so long as they follow certain key principles, they are unlikely to be challenged by us as regulator – even if their decisions meet with criticism.
"I would like to encourage trustees and their advisers to read the draft guidance and share their views and any suggestions with us."
The commission is asking people to email their comments on the guidance to it by 30 March: firstname.lastname@example.org.