Page 5 - OSEP Management Module 6_Neat
P. 5
Activity 6.1
What is the basic difference between governance and management?
Legal obligations of the board
Club/federation board members have many responsibilities. Some are legal
responsibilities.
Definition of fiduciary
Fiduciary is a term that refers to the relationship of 1 person to another where the
first person is bound to exercise rights and powers in good faith for the benefit of
the second. This means that, at all times, board members have the responsibility
to act in good faith for the benefit of the members.
Common legal obligations are:
• director’s fiduciary duties are owed to the club/federation as a whole, not to
individual shareholders/members
• directors must not make improper use of information acquired by the virtue of
their position to gain a personal advantage
• directors must act honestly and in good faith in furthering the interests of the
whole club/federation
• directors may not allow a conflict to arise between a duty owed to the club/
federation and a personal interest.
OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE 0
