UK: Law Commission recommendations on social investment by charities

The Law Commission for England and Wales has published recommendations, as part of its charity law project, in respect of social investment by charities: see here (pdf). A summary of the recommendations is available here (pdf). The Commission recommends, amongst other things, that a new statutory power should be created, conferring on charity trustees the power to make social investments (in doing so, the Commission's aim is to put the law beyond doubt).