Introduction to Transitioning an Existing Society: Difference between revisions
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Under the new Societies Act, members have greater access to a society’s records. The Act spells out the records a society must keep, including a register of members, minutes of members’ and directors’ meetings, accounting records, and financial statements. | Under the new ''Societies Act'', members have greater access to a society’s records. The Act spells out the records a society must keep, including a register of members, minutes of members’ and directors’ meetings, accounting records, and financial statements. | ||
By default under the Act, members are entitled to inspect all records of the society (as are directors). For some records, member access can be restricted. For example, a society’s bylaws can restrict members’ access to accounting records. | By default under the Act, members are entitled to inspect all records of the society (as are directors). For some records, member access can be restricted. For example, a society’s bylaws can restrict members’ access to accounting records. | ||
The public is entitled to receive a copy of a society’s financial statements and auditor’s report if requested. A society can choose to grant access to the public to more of its records. The only record that is excluded from public accessibility is the society’s register of members. | The public is entitled to receive a copy of a society’s financial statements and auditor’s report if requested. A society can choose to grant access to the public to more of its records. The only record that is excluded from public accessibility is the society’s register of members. | ||
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! Records a society must keep include these records | |||
(this list is not exhaustive) !! Director access !! Member access !! Public access | |||
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| Register of members || Yes || Yes, though directors may restrict || No | |||
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| Example || Example || Example || Example | |||
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| Example || Example || Example || Example | |||
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| Example || Example || Example || Example | |||
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| Example || Example || Example || Example | |||
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| Example || Example || Example || Example | |||
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Revision as of 05:24, 30 November 2016
Under the new Societies Act, members have greater access to a society’s records. The Act spells out the records a society must keep, including a register of members, minutes of members’ and directors’ meetings, accounting records, and financial statements.
By default under the Act, members are entitled to inspect all records of the society (as are directors). For some records, member access can be restricted. For example, a society’s bylaws can restrict members’ access to accounting records.
The public is entitled to receive a copy of a society’s financial statements and auditor’s report if requested. A society can choose to grant access to the public to more of its records. The only record that is excluded from public accessibility is the society’s register of members.
Records a society must keep include these records
(this list is not exhaustive) !! Director access !! Member access !! Public access | |||
---|---|---|---|
Register of members | Yes | Yes, though directors may restrict | No |
Example | Example | Example | Example |
Example | Example | Example | Example |
Example | Example | Example | Example |
Example | Example | Example | Example |
Example | Example | Example | Example |
Example | Example | Example | Example |