DELEGATE TO ACCUMULATE
Trustees can make investment decisions themselves, but in practice many choose to delegate investment decisions to experts, such as external managers and/or advisers, for maximum impact. In the much larger charities, they may even delegate investment decisions to internal professionals.
Whichever route they choose, trustees must demonstrate that they still have overall control of decision-making and have complied with their duties, in line with best practice as set out in the Good Governance Code: "Delegation to committees, staff and volunteers (as applicable) works effectively and the use of delegated authority is properly supervised."