A National Health Service trust provides services on behalf of the English NHS and NHS Wales.
The trusts are not trusts in the legal sense but are in effect public sector corporations. Each trust is headed by a board consisting of executive and non-executive directors, and is chaired by a non-executive director. Non-executive directors are recruited by open advertisement.
All trust boards are required to have an audit committee consisting only of non-executive directors, on which the chair may not sit. This committee is entrusted not only with supervision of financial audit, but of systems of corporate governance within the trust.
Famous quotes containing the word trust:
“To my fancy, one looks back on life, it has only two responsibilities, which include all the others: one is the bringing of new life into existence; the other, educating it after it is brought in. All betrayals of trust result from these original sins.”
—Henry Brooks Adams (1838–1918)