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board members

By Occasional Contributors | 7 Minutes Read March 18, 2022

What should charities do if they find out that a board member donated to the Freedom Convoy?

This is a situation where an individual used their own personal funds donated to the convoy and did not use charity funds which would be a much worse and more serious issue.

Article by Occasional Contributors / Not for Profit / board members, charities, Donations, fiduciary responsibilities, Freedom Convoy, GiveSendGo, GoFundMe, social media Leave a Comment

By Occasional Contributors | 2 Minutes Read June 27, 2016

Why do we need members? We have a board…

Our incorporated charity and non-profit clients often wonder why they need members. Organizations with few governance participants, either because they are small or because they are controlled by a small group, sometimes wonder if they may operate with only a board. Our US clients looking to set up a Canadian affiliate or interact with existing Canadian charities are often accustomed to non-profit corporate statutes that allow a corporation to have only a self -perpetuating board without any members.

Article by Occasional Contributors / Business, Not for Profit / board members, charity, directors and members, directors’ decisions, directors’ meetings, fiduciary duties, member class, membership rights, non-profit corporate statutes

By Occasional Contributors | 2 Minutes Read August 17, 2015

Toshiba scandal stresses need for strong corporate governance

The current CEO and one former CEO of Toshiba Corp. resigned this week in connection with the accounting scandal the company has been embroiled in since May. Senior executives are alleged to have pressured subordinates to meet unachievable financial targets, leading the company to overstate its earnings by more than USD $1.2-billion between 2008 and 2014.

Article by Occasional Contributors / Business, Finance and Accounting, Payroll / accounting scandal, board members, compliance practices, Corporate culture, corporate governance policies, corporate managers, electronics manufacturers, leading the company to overstate its earnings, market value, need for strong corporate governance, postponed losses or pushed forward sales on accounting, restatement of earnings, robust internal controls, shareholders, Toshiba scandal, unachievable financial targets

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