Would you let your staff set up a trust fund completely managed by them?

[Min George]

For some organizations that staff have good levels of cooperation, they can decide to form a trust fund independent of the organization. In that Trust Fund, you as the business owner has absolutely no say in it.

Would you allow such a Trust Fund to be formed in your business organization?

 

[Kera]

As far as their trust fund is not a threat to the smooth running of my business, I would let them do their thing.

 

[eLdavis]

The most important thing is that it does not affect the business in general. I have seen cases where staffs of a company or organization have saving plans within themselves where they invest and save.

 

[Suba]

However, the performance of a trust fund in a company if the business owner does not have the right to determine and monitor it will have an impact on the company's image, especially if there is misappropriation of funds by staff. So the company owner should not allow it.

 

[Trush Jodie]

We have so many organizations that such trust funds are running here on my country. Some have been running for years.

 

[King Belieal]

There is nothing that bothers me with what staff want to do with their money. I would allow them to do it and warn them that the business is not liable for any scam.

 

[Stardom22]

I think that anything that would United the staff apart from the job that would negatively affects the business because they would momentarily use the business's time to sought out their affairs on the trust fund

 

[Starmix]

It is crucial if the said trust fund is not well - managed. If there is appropriation and fraudulent act the business name and it's organisation will be affected and most likely the victims will sue the company or business. It's better if they will have their office outside the business premises to be safe for getting involved should a mishap happen.

 

[Niyi Br]

If I am a business owner, I would allow my staff set up a trust fund. But there must be a strong disclaimer from me.

 

[Augusta]

Yeah sure but let their trust fund not be a threat to the smooth running of my business. They are allowed

 

[King Belieal]

I don't care what they do with their trust fund. In fact, even if they tell me as a business owner, I would tell them that I don't want to be part of it.