{"id":154,"date":"2021-03-09T19:39:41","date_gmt":"2021-03-10T00:39:41","guid":{"rendered":"http:\/\/weswong.com\/WongoTech\/?p=154"},"modified":"2021-03-09T19:47:28","modified_gmt":"2021-03-10T00:47:28","slug":"spring-is-upon-us","status":"publish","type":"post","link":"http:\/\/weswong.com\/WongoTech\/spring-is-upon-us\/","title":{"rendered":"Spring is upon us"},"content":{"rendered":"\n

As Spring draws nigh (with D<\/span><\/strong>aylight S<\/span><\/strong>aving T<\/span><\/strong>ime imminently coming into effect), I hope you remain safe and well. Thanks for checking my blog posts<\/a>.<\/p>\n\n\n\n

FYI\/FYA\u2026 Governance Solutions<\/a> hosted a webinar today: 360o<\/sup> Governance – The Way Forward?<\/strong> Click here<\/a> to listen to this and other recorded events. This session had the co-authors (Peter Dey, Sarah Kaplan) of the recent report, 360o<\/sup> Governance: Where are the Directors in a World of Crisis<\/a><\/em>, from UT\u2019s Rotman School of Management<\/strong>. Also, check out Sarah\u2019s book<\/a>, The 360o<\/sup> Corporation: From Stakeholder Trade-offs to Transformation<\/a><\/em>.<\/p>\n\n\n\n

Another resource from UT\u2019s Rotman School of Management<\/strong> is the NFP Governance Essentials certificate program<\/a> co-sponsored by the Institute of Corporate Directors (ICD<\/a>). This intensive program is focused on governance of N<\/strong><\/em>ot-F<\/strong><\/em>or-P<\/strong><\/em>rofit organizations in Canada, e.g., registered charities such as many churches across Canada. Note that we need to discern the NFP<\/em> sector (registered charities and non-profits) from the for profit<\/em> sector. For example, there is a separation of responsibilities and duties between the board that governs (e.g., the \u201cends\u201d) and the management team that executes (e.g., the \u201cmeans\u201d). Specifically, in some jurisdictions (e.g., Ontario), there are regulatory requirements for charitable fiduciaries<\/a> to discharge their duties accordingly. In particular, directors\/trustees are to avoid c<\/span>onflict-o<\/span>f-i<\/span>nterest situations, even the appearance of COI <\/span>(duty 4), and also to act gratuitously<\/em> (duty 5).<\/p>\n\n\n\n

For example, pursuant to the guidance of the Office of the Public Guardian and Trustee (OPG&T<\/a>) of Ontario\u2019s Ministry of the Attorney General, regarding the duty to act gratuitously<\/em>, a charity cannot<\/em> pay a director\/trustee in any capacity unless approved in advance under section 13 of the Charities Accounting Act<\/a>, although the charity can reimburse them for reasonable expenses. Thus in some jurisdictions, a paid staff member cannot<\/em> sit ON <\/span>the governance board, although they may sit IN <\/span>the board meetings by invitation.<\/p>\n\n\n\n

Moreover, at the federal level, under Canada\u2019s Income Tax Act<\/a><\/em>:<\/p>\n\n\n\n