5. Powers
WAGGGS has power to do anything which is calculated to further its objects or is conducive or incidental to doing so. In particular,
WAGGGS’ powers include power to:
5.1 borrow money and to charge the whole or any part of its property as security for the repayment of the money borrowed. WAGGGS must comply as appropriate with sections 124 and 125 of the Charities Act 2011 if it wishes to mortgage land;
5.2 buy, take on lease or in exchange, hire or otherwise acquire any property and to erect, maintain, improve, alter or equip it for use;
5.3 make grants or loans of money, give guarantees and become or give security for the performance of contracts and grant powers of attorney by way of security for the performance of obligations;
5.4 subject to sub-clause 6.2 below, insure and arrange insurance cover of every kind and nature in respect of WAGGGS, its property and assets and take out other insurance policies to protect WAGGGS, its employees, volunteers or Member Organisations as required;
5.5 provide indemnity insurance to cover the liability of the World Board or any other officer of WAGGGS which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default, breach of trust, or breach of duty of which she may be guilty in relation to WAGGGS but not extending to:
5.5.1 any liability resulting from conduct which the World Board knew, or must reasonably be assumed to have known, was not in the interests of WAGGGS, or where the World Board did not care whether such conduct was in the best interests of WAGGGS or not;
5.5.2 any liability to pay the costs of unsuccessfully defending criminal prosecutions for offences arising out of the fraud or dishonesty or wilful or reckless misconduct of the World Board;
5.5.3 any liability to pay a fine or regulatory penalty.
5.6 sell, lease or otherwise dispose of all or any part of the property belonging to WAGGGS. In exercising this power, WAGGGS must comply as appropriate with sections 117 and 119-123 of the Charities Act 2011;
5.7 employ and remunerate such staff as are necessary for carrying out the work of WAGGGS. WAGGGS may employ or remunerate a member of the World Board only to the extent that it is permitted to do so by clause 7 (Benefits and payments to the World Board and connected persons) and provided it complies with the conditions of those clauses;
5.8 deposit or invest funds, employ a professional fund-manager, and arrange for the investments or other property of WAGGGS to be held in the name of a nominee, in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000.