Our EO Trustee Appointment Process
Our EO independent trustee appointment process has been designed to meet client deadlines, whether they’re needed in the next week, or there’s a longer planning process taking place.
With over 20 independent trustees across England, Scotland and Wales, and wide range of experience and expertise, we are sure to have an independent trustee to suit most employee owned companies. The process for choosing who could be your independent trustee, whether your first, or a successor trustee, couldn’t be simpler.
Here’s our step guide :
- Contact IDT at info@directorsandtrustees.co.uk to discuss your specific requirements. Every EO company is different and have differing requirements from their independent trustee, so this contact is an opportunity to share what your specific needs are and ask any questions you may have about the role, the practicalities and EO in general;
- Having understood your requirements, IDT contacts those trustees who are most suited to your role for them to confirm their interest in working with you;
- We collate trustee feedback and share their cv’s with you for your consideration;
- You e-meet those that resonate most with your requirements and expectations;
- After these meetings, you choose which individual you would like to appoint;
- IDT confirms this via our standard form services agreement (which has been reviewed by external legal counsel, and has been accepted by a wide range of EO legal advisers);
- Once the IDT agreement is signed, you and your lawyers progress to appointing the individual as a director of your trust company;
- Thereafter all interaction is direct with your named independent trustee.
It couldn’t be simpler and can take as little as a few days if you have a looming deadline to meet.
We also don't charge for this process as we see it as an opportunity to understand a bit more about your company and how we can help.
Backed by Experience
Our independent trustees are supported in their role through access to the EO Trustee Toolkit. This is a collection of materials, tools and guidance that explains and informs on all EO activities. These include trust specific agenda’s, minutes, role descriptions. They also include the wider organisation including employee trustee elections, board vs trust relationships, calculating profit share bonuses, and more. Relevant contents of the trustee toolkit are shared with clients when topics arise or in preparation for evolution of the trust or the business.
All our trustees are invited to a monthly networking session where our trustees share what they’re seeing in the EO space so we can be informed of the wider sector. This is also a forum to bring specific challenges or questions, on a no names basis, to get the collective insights of all attendees. Through this your independent trustee can bring a breadth of knowledge to inform your EO company and fellow trustees.
Trustees are also encouraged to contact each other directly on each other’s areas of expertise so that they can benefit from experiences with other EO clients and elsewhere through individual career paths.
See our article on who our trustees are to understand a more about the breadth of IDT experience that can be drawn from https://www.independentdirectorsandtrustees.co.uk/who-are-our-trustees
Our Commitments
As part of our proposition, we make the following commitments to our clients:
- Our trustees will share our knowledge gained through our experience in a way that is pragmatic and beneficial, not overwhelming;
- You will only be put in touch with our trustees who are keen to work with you, as we know having a committed trustee that can deliver for you is important;
- We will work with you to create your trust rhythm that meets your needs; and we won’t try to push you into an active trust (or a passive trust) if it’s not right for you;
- We will aim to meet your timelines and requirements wherever feasibly possible.
IDT is here to share our knowledge in supporting our independent trustees to be the best they can be, and enabling our clients to benefit from our collective knowledge in a way that is suited to them. Having an IDT independent trustee provides a combination of a wide range of EO knowledge combined with the specific expertise of the individual.
Our trustees are based across England Wales and Scotland. If you are looking to appoint an EO independent trustee, or just want to know more, contact us to arrange an informal chat at info@directorsandtrustees.co.uk
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