I.   Introductory Provisions

Integrity is one of the eight standard characteristics required of a Trustee being the possession of a strict moral or ethical code as exemplified by the trinity of virtue (Good Faith, Good Character and Good Conscience).

The word Integrity is derived from the Latin word integritas meaning “soundness, correctness, purity, whole and chaste”.

Integrity means a Trustee is obligated to honestly, faithfully and dutifully follow and execute the purpose of the Trust as defined by its terms and conditions as expressed in the Instrument of formation.

Under the character of Integrity, a Fiduciary is forbidden to act in any following manner:

(i) To exert influence or pressure upon the Trustor; or

(ii) To threaten or intimidate a Beneficiary; or

(iii) To take selfish advantage of the Trust bestowed or deal with the subject-matter of the Trust in such a way as to personally benefit or prejudice another; or

(iv) To engage in sharp business practices; or

(v) Make any false or misleading information to any Trustor or Beneficiary associated with the Trust; or

(vi) To deliberately or accidentally withhold information from any Trustor or Beneficiary; or

(vii) To engage in unfair advantage or profit taking; or

(viii) To act in any manner of forgetfulness or negligence against the other persons standing in such a Trust relation.

A Trustee that willfully and deliberately engages in a manner forbidden by the characteristic of Integrity is guilty of a major breach of trust.

A Trustee cannot hold such office in the absence of personal integrity or proof of engaging in a manner forbidden by the characteristic of Integrity.