kuratórium

Kuratórium is a Hungarian term that translates to "board of trustees" or "curatorship" in English. It refers to a governing body responsible for the oversight and management of an institution, typically a foundation, public benefit organization, or a cultural establishment. The members of a kuratórium are often appointed or elected and serve to ensure the organization fulfills its mission and operates in accordance with its statutes.

The primary functions of a kuratórium usually include strategic planning, financial oversight, appointing and supervising executive directors, and making major decisions regarding the organization's assets and activities. They act in a fiduciary capacity, meaning they are legally and ethically obligated to act in the best interests of the organization they govern. The specific powers and responsibilities of a kuratórium are defined by the legal framework under which the organization is established and its own internal regulations.

In Hungary, kuratóriums play a significant role in the governance of various non-profit entities. Their existence is often a legal requirement for foundations and public benefit organizations. The members are typically individuals with expertise relevant to the organization's field of work, such as legal, financial, or artistic professionals. The composition and operation of a kuratórium aim to provide stable and responsible leadership, ensuring the long-term viability and effectiveness of the institution.