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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 17:59, 13 May 2021
, 17:59, 13 May 2021→Can we remunerate our directors?
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==Paying Directors (Remuneration)== | ==Paying Directors (Remuneration)== | ||
===Can we remunerate our directors?=== | ===Can we remunerate our directors?=== | ||
Under s. 46 of the ''Societies Act'', the non-profit is only allowed to remunerate directors if its bylaws permit for this and the amount is disclosed in the financial statements. However, many funders, such as BC Housing, do not permit directors to be remunerated. | Under [https://www.bclaws.gov.bc.ca/civix/document/id/lc/statreg/15018_01#section46 s. 46] of the ''Societies Act'', the non-profit is only allowed to remunerate directors if its bylaws permit for this and the amount is disclosed in the financial statements. However, many funders, such as BC Housing, do not permit directors to be remunerated. | ||
===What does remuneration of a director include?=== | ===What does remuneration of a director include?=== | ||