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Difference between revisions of "Meetings of Non-Profit Members (AGM, SGM) (Societies Act FAQs)"
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Meetings of Non-Profit Members (AGM, SGM) (Societies Act FAQs) (view source)
Revision as of 17:53, 13 May 2021
, 17:53, 13 May 2021→What is the difference between ordinary and special resolution? When do we need a special resolution?
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*the non-profit wants to enter into a contract that may result in a conflict of interest for a director. | *the non-profit wants to enter into a contract that may result in a conflict of interest for a director. | ||
*other significant financial alterations to the non-profit, such as liquidation, sale of assets, or leasing of assets. | *other significant financial alterations to the non-profit, such as liquidation, sale of assets, or leasing of assets. | ||
*If a general meeting will discuss matters relating to a special resolution, the text of the special resolution for the meeting must be provided in the notice of the general meeting. A special resolution is passed at a general meeting by receiving 2/3 of the votes cast by present voting members in accordance with the ''Societies Act'' or unless otherwise specified by the non-profit’s bylaws. The ''Societies Act'' provides that the bylaws can increase the threshold of required votes needed for a | *If a general meeting will discuss matters relating to a special resolution, the text of the special resolution for the meeting must be provided in the notice of the general meeting. A special resolution is passed at a general meeting by receiving 2/3 of the votes cast by present voting members in accordance with the ''Societies Act'' or unless otherwise specified by the non-profit’s bylaws. The ''Societies Act'' provides that the bylaws can increase the threshold of required votes needed for a special resolution (up to 100% or unanimity) except in cases dealing with the removal of directors. In addition, a special resolution may be passed if agreed to in writing by all of the voting members in the non-profit. | ||
===How long does a resolution last? Can a resolution remain binding over future conduct of the non-profit?=== | ===How long does a resolution last? Can a resolution remain binding over future conduct of the non-profit?=== | ||
