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Bus 204

  1. What is a Constitution in a society?
    A statement that tells what the societies purpose is
  2. What are the bylaws?
    All the rules of a society. .. usually most societies use schedule B
  3. What 2 documents do you need to submit to the government when setting up a society, ?
    • 1 Constitution
    • 2 by laws ( schedule B )
  4. How many directors do you need to start a society?
    5
  5. How does a member get kicked out of a society?
    75 percent member vote (in schedule B)
  6. How often does a society need to hold an AGM,?
    Every 15 months (in schedule B)
  7. How are normal issues dealt with in a society?
    Majority vote (in schedule B)
  8. How many members required to hold a meeting?
    3 (schedule B)
  9. What are the two most important legal responsibilities of a board member?
    • 1 duty of loyalty - a director must act in good faith in the best interest of the society
    • 2 fiduciary duty - must exercise the level of care the a reasonably prudent person would
  10. What are the 3 main duties of a board?
    • 1 doing the work of the organization
    • 2 managing those who do the work
    • 3 setting policies and overseeing the operation

    From board basics
  11. What is a fiduciary duty?
    • A responsibility to put the board / organisation above themselves.
    • Doing what's best for the organization
  12. What are seven other board responsibilities?
    • 1 planning for the future
    • 2 renewing board vitality
    • Ex. Recruiting competent new people
    • 3 selecting supervising and evaluating the executive director
    • 4 participating in fundraising
    • 5 linking with the community
    • 6 resolving
    • internal grievances
    • 7 assessing its own performance

    From board basics
  13. Whose role is it to interact with the employees?
    The executive director
  14. What is the minimum and maximum amount of people allowed on the Board of directors?
    Minimum 3 no maximum
  15. Who elects the Board of directors?
    Who elects the officers?
    The members of the society elect the board and the board elects the officers
  16. What are the four officers and what is their purpose?
    • 1 president - chair at meetings
    • Can also act as official representative of the organization to the public
    • 2 vice president - vice chair at meetings
    • 3 treasurer - responsible for finances
    • Does financial reports for the board
    • 4 secretary - keeps minutes and records meetings
  17. What are the three standard board committees and what are their functions?
    • 1 Executive Committee - Committee of the officers
    • 2 Finance or audit Committee - responsible for reviewing finances
    • 3. Nominating committee - responsible for recruiting new board members
  18. What are two additional committees that an organization might have?
    • 1 fundraising committee
    • 2 Personnel Committee - deals with staff
  19. What kind of insurance should a board look at getting?
    Directors omission insurance
Author
MissionMindhack
ID
326242
Card Set
Bus 204
Description
Bus 204.txt
Updated

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