Non-Profit Directors (Societies Act FAQs): Difference between revisions
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Non-Profit Directors (Societies Act FAQs) (view source)
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[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 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; | |||
*Leave the meeting while the matter is discussed except when they are required to be present to provide information; and, | *Leave the meeting while the matter is discussed except when they are required to be present to provide information; and, | ||
*Leave the meeting while the rest of the board votes on the matter. | *Leave the meeting while the rest of the board votes on the matter. |