| Commentary

166 Investment powers

| Commentary

166 Investment powers

The trustees of a charitable trust are entitled to the wide powers of investment and delegation conferred on them by statute1 unless and to the extent that these are specifically excluded by the governing document. It may nevertheless be desirable to include an express power to delegate the management of investments to a professional investment adviser. This is certainly necessary if the intention is that the statutory duty of care2 is to be modified in any way.

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