Members are akin to “shareholders” of the Trust. They should not be involved with the day to day running of the Trust, and they must meet at least once a year (at the Annual General Meeting).
They are the guarantors of the Trust – they have liability to pay up to £10 each if the Trust goes bankrupt.
They are the signatories of the Memorandum of Association and are the only ones who can propose any changes to the Articles of Association (proposed to the Secretary of State).
A Member is not appointed for a term and will typically only leave the role when they choose to. Members must be unpaid.
Below are further details of the Nexus MAT Members: