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Difference between revisions of "Introduction to Transitioning an Existing Society"
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Introduction to Transitioning an Existing Society (view source)
Revision as of 05:49, 30 November 2016
, 05:49, 30 November 2016no edit summary
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To counterbalance privacy concerns, the names of the directors, employees and contractors need not be included in the financial statements. The disclosure can be done by position or contract; individual names don’t have to be disclosed. As well, a society can pool the information by disclosing the total number of employees and contractors making over $75,000 and the total amount of remuneration paid to them. | To counterbalance privacy concerns, the names of the directors, employees and contractors need not be included in the financial statements. The disclosure can be done by position or contract; individual names don’t have to be disclosed. As well, a society can pool the information by disclosing the total number of employees and contractors making over $75,000 and the total amount of remuneration paid to them. | ||
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| text = The new rules relating to disclosure of remuneration paid to directors and certain employees and contractors apply as soon as the new Act comes into force. Any financial statements prepared or presented by a society after November 28, 2016 need to comply with these new requirements. | |||
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