Difference between revisions of "Non-Profit Directors (Societies Act FAQs)"

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'':
 *Immediately disclose they have a conflict of interest and the nature and extent of the conflict;
-**If outside a meeting, disclosure must be in writing (e.g. email) to all other directors.
-**If during a meeting, disclosure must be recorded in the minutes.
 *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 rest of the board votes on the matter.