I.   Introductory Provisions

Humility is one of the eight standard characteristics required of a Trustee being modest, without pretention or loftiness.

The word Humility comes from the Latin humilitas meaning “being or appearing insignificant or unimportant”.

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

(i) 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

(ii) To engage in or promote extravagance or conspicuous consumption, even if lawful and within the financial means of the Trustee, that would otherwise bring undue attention and separation from others; or

(iii) To act and dress in a deliberately pretentious and arrogant manner such to imply superior standing, or class, or status to others; or

(iv) To speak and behave in a deliberately selfish and self-obsessed manner such to imply greater or higher intelligence, or unique and exclusive abilities or powers above others.

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

A Trustee cannot hold such office in the absence of humility or proof of engaging in a manner forbidden by the characteristic of Humility.