Get Form Lm-15 Trusteeship Report - United States Department Of Labor - Dol

Trusteeship requires the proper discharge of a number of fundamental duties, such as the duty of undivided loyalty (the fiduciary duty), the duty of care for the trust fund (the duty of care) and the duty to exercise a sound discretion.

Autonomy Otherwise Available For example, if a parent union deprives any of its subordinates of the right to elect officers within the period required by the LMRDA, this action constitutes the imposition of a trusteeship.

: the office or function of a trustee. : supervisory control by one or more countries over a trust territory.

A Trusteeship Report, Form LM-15, is required whenever supervision or control has been employed which has the effect of suspending any right which a subordinate labor organization otherwise has to carry on its own affairs.

In this model, constituents elect their representatives as 'trustees' for their constituency. These 'trustees' have autonomy to deliberate and act as they see fit, in their own conscience even if it means going against the explicit desires of their constituents; this is also called a free mandate.

Trusteeship is the act of overseeing the management of activities in an organization or institution to ensure that the organization is run efficiently and effectively. A trustee can be an individual or an institution who represents the members of the public whose trust he or she hold.