Application For Independent Trustee - Accountant

APPLICATION FOR INDEPENDENT TRUSTEE - ACCOUNTANT Expiry Date
21 June 2024
Reference Number
n/a - Platinum Weekly Ad
Province
North West
Requirements

Bakwena Ba-Mogopa Traditional Council hereby wish to invite eligible persons who wish to serve as Independent Trustees to make applications. 

What is an Independent Trustee? 
An independent trustee is a person who cannot benefit from the income or assets of the trust, nor are they related to a beneficiary of the trust and can thus play a crucial role in the proper separation between ownership of the trust assets and the enjoyment thereof. 

The Role of the Independent Trustees will be to:  Protect and take legal ownership of the assets held by the trust. Ensure the meetings are being properly convened and held. Keep all necessary documentation in safe custody. Act with independent discretion with respect to a trust. Account to the beneficiaries and provide them with proper and accurate accounts. Act strictly within the ambit of the powers conferred by the trust deed. Be knowledgeable about the business in which the trust operates. Perform fiduciary duty to look after the trust assets in the beneficiaries' best interest, in a legal manner. Ensure that the investment of the trust capital is undertaken in a prudent and professional manner Ensure that the trustees disclose any potential conflict of interest. Manage any potential conflict in accordance with the trust instrument. Criteria For Application  South African Citizen or Company.
No Criminal Record.
Five years' experience in managing trusts.
Degree in Financial Studies (additional qualifications will be an added advantage).
Knowledgeable on fiduciary duties and responsibilities.
Understanding business in which the trust operates.
Understand the laws governing trust.
Registered with a professional body.
Application
Applications will be submitted electronically at ******
One 0) page covering letter Company Profile References Closing Date: 
All applications must be submitted on or before the 21 June 2024. No late applications will be accepted. 
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