Εδώ - Anatolia College

62 Institutional Governance and the Trustees of Anatolia College
allied to educational initiatives and relevance; and availability of a responsive
and dependable legal and tax regime.
9. Part of the reason for the lack of broader knowledge of the trustees’ role may
be due to the vagaries of legal translations. Both the term “trustee” and the “trust”
concept present difficulties.
In the anatolia lexicon, “trustees” is translated as “ephors,” since apparently
the school first came to Greece. “Ephors” hints at oversight, but it is legally
vague. It refers to several different types of officials with different powers in diverse
organizations and mutates the trustee role. In ancient sparta the ephors were
the five overseers alongside the two Kings (herodotus,“The Constitution of Spar -
ta”).today, the term is used by both government and private associations, ranging
from tax and archaeology officials to the Boy scouts. In my view, “Διοικητικό
Συμβούλιο” - or “Δ.Σ.” (“board of directors,” and individually, “member of...”)
is the better translation. We overlook that exact term, “Board of Directors,” is
used in anatolia’s act of Incorporation as a synonym for “Board of Trustees.”
for the comparative law oriented, “trusts” are unknown in Greek law as these
legal entities are exclusive to the common law. trusts cannot be created under
Greek domestic law since the anglo-american concept of dividing title into legal
title and equitable interest is unique. the civil law, generally, accomplishes similar
ends through contracts and wills, public policy permitting. athanassios
Yiannopoulos “Property” 7 Iv in “Introduction to Greek Law” eds. Konstantinos
d. Kerameus and Phaedon J. Kozyris (3d. rev. ed. Kluwer law International and
ant. n. sakkoulas 2008, the collective work hereinafter “K and K”).
according to Prof. anastasia Grammaticaki-alexiou, the term for a “trust” in
Greek is “εμπίστευμα” K and K 10 II h 2. (In this Presentation, “trust” is used in
its ordinary sense to refer to public trust and entrustment.)
10. evidenced by the draft Bill, note 5 supra. for those boards’ structure and
composition see note 64 infra.
11. the suggestion for this Presentation was made by dr. fanis varvoglis (’74),
former trustee and member of Board Governance and the subcommittee on
trustees, and former President of ΣΑaΚ. as always, robert denormandie, fellow
trustee and audit chair, counseled. trustee Irina taka-Michaelidou, esq. (’95)
provided a fresh eye. President Giesecke was extremely encouraging throughout