Payments to directors and connected persons: Key info for Ontario charitable corporations
Directors of ‘charitable corporations’ operating in Ontario are subject to strict requirements to act without personal benefit – meaning they cannot be paid for serving as directors or for other services provided to the corporation unless authorized by court order, […]
Standard of care: What not-for-profits should consider when selecting directors and officers
Expertise and skill should be key considerations for not-for-profit corporations (NFPs) when selecting their directors and officers. Directors and officers of a not-for-profit corporation are under a fiduciary obligation to the NFP in the same manner as directors and officers […]
