There are times where the trustees/ directors may want specific people to receive feedback or advice on certain areas e.g. Trustees/Directors with specific responsibility for areas, the Estate Management or specified parties like Accountants/designated Third Parties or the Managing Agent’s representative.
It is also possible that certain other trustees/directors with other areas of responsibility or the Chairperson may want to see the output. It can also be used to ensure broad continuity of exposure to other Trustees/Directors or designated third parties like accountants/auditors.
Providing this feedback to all relevant people will also ensure that everyone is formally advised of the areas requiring attention.
This feature not only helps to demonstrate the role played by the estate manager or professional manager/managing agent but helps to ensure that the right people take ownership of the respective risk areas.