Stiftungsräten

Stiftungsräten are boards that oversee foundations. They are responsible for ensuring that the foundation's assets are managed and used according to its founding purpose and bylaws. The specific duties and composition of a Stiftungsrat vary depending on the jurisdiction and the type of foundation, but generally include appointing and supervising executive management, approving budgets and financial statements, and making strategic decisions. Members of a Stiftungsrat are typically individuals with expertise in areas relevant to the foundation's mission, such as finance, law, or the specific field of activity. They serve in a fiduciary capacity, meaning they must act in the best interests of the foundation and its beneficiaries. The Stiftungsrat is a crucial governance body that provides oversight and accountability for the foundation's operations.