Ontario Legislation to Enhance Not-For-Profit Corporate Governance, Accountability

On May 12, 2010, the Ontario government introduced legislation designed to modernize the legal framework in which not-for-profits operate. If passed, Bill 65, the Not-for-Profit Corporations Act, would enhance corporate governance and accountability by providing a statutory duty of care for directors; provide specific protection from liability for directors; enhance member democracy by expanding member remedies to ensure directors are acting in the corporation's best interests; and increase transparency for financial information, access to records and when disciplinary action is contemplated against a member.

No comments yet

Start the discussion by using the form below

Post a comment

Fill out this form to add a comment to the discussion

About Us

Hicks Morley is Canada’s leading firm that exclusively represents management in all aspects of human resources law and advocacy. Established...

More

Subscribe

Subscribe Via RSS

Add this blog to your feeds or subscribe by email by entering your email address into the space below and clicking on Go