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Difference between revisions of "Non-Profit Directors (Societies Act FAQs)"
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Non-Profit Directors (Societies Act FAQs) (view source)
Revision as of 20:22, 20 May 2021
, 20:22, 20 May 2021→What should a director do if they have a conflict of interest?
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===What should a director do if they have a conflict of interest?=== | ===What should a director do if they have a conflict of interest?=== | ||
[https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#section56 S. 56] of the ''Societies Act'' provides guidance to non-profits on how to address conflicts of interest. A director with a conflict of interest ''must'': | [https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#section56 S. 56] of the ''Societies Act'' provides guidance to non-profits on how to address conflicts of interest. A director with a conflict of interest ''must'': | ||
*Immediately disclose they have a conflict of interest and the nature and extent of the conflict; | *Immediately disclose they have a conflict of interest and the full nature and extent of the conflict; | ||
*Not vote on the matter; | *Not vote on the matter; | ||
*Not attempt to influence the discussion or vote on the matter; | *Not attempt to influence the discussion or vote on the matter; | ||
