Final answer:
The management of a trust institution includes a Trust Committee, Full Board, and Active Daily Management, but not Trust Clerks. The constitution is considered the most important set of rules for an institution.
Step-by-step explanation:
The management of a trust institution typically includes several key components, excluding Trust Clerks. The Trust Committee is often tasked with making important decisions regarding trust operations. Meanwhile, the Full Board is responsible for the overarching governance and policy direction of the institution.
In addition, Active Daily Management is crucial for the day-to-day operations and execution of the trust institution's functions and services. Therefore, Trust Clerks, who generally handle administrative and support duties, are not considered a core part of the trust institution's management structure. As for the most important set of rules for any institution, the answer is its constitution. A constitution embodies the fundamental principles that govern an organization's operations, making it the essential framework for managing an institution's affairs.