The Claire Wand Fund follows the ethical policy that governs the BMA's own investments, namely that it does not invest in tobacco, armaments nor politically sensitive equities. The Fund’s investments are managed by Charles Stanley, on the basis that the Fund's disbursement potential should not be diminished by erosion of capital. In round figures the amount currently considered available for annual disbursement is £22,000.
The fund is audited annually by Wagstaffs Chartered Accountants of Stevenage and it has its own separate account with the National Westminster Bank. The Fund is not a BMA fund and is independent of the BMA.
The Fund is governed by trustees. The Trust Deed designated Dr Solomon Wand and Dr Derek Stevenson as 'permanent' trustees, and as such each would continue to be a trustee for the rest of his life, unless either chose to resign and, in addition, each would have the right to nominate his successor who would have similar rights.
The Trust Deed was updated in 2000, with minor changes to the requirements for the Trustees.
- Two permanent Trustees
- Two or Three are elected by the Conference of LMC's
- Three are ex-officio:
- Chairman of the General Practitioners Committee
- Secretary of the General Practitioners Committee
- Chairman of the Conference of LMC's.
In addition the Trustees co-opt as they see fit and for such duration as they consider appropriate.
There is no remuneration for Trustees other than reimbursement of travel expenses for meeting attendance.
Trustees of the Claire Wand Fund
The Trustees holding office from June 2017 are:
Dr Jane Wand
Dr David Silver
Elected by the Annual Conference of Local Medical Committees
Dr John Rawlinson - re-elected June 2017
Dr Girish Chawla - elected June 2017
Dr Oluwadamilola Adedayo - elected June 2017
R Vautrey (Chair of General Practitioners Committee)
Dr Nicholas Silver
Dr Russell Walshaw