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Organizational Effectiveness

Five Good Ideas about not-for-profit corporate law reform

Published on November 8, 2013

The federal and Ontario not-for-profit sector has been governed by legislation that remained largely unchanged for nearly a century. In late 2011, new federal legislation was finally enacted to bring NFP corporate governance law into the 21st century. Ontario has also enacted new NFP corporate legislation, which is expected to be proclaimed in force on July 1, 2014. Learn what these changes mean for your organization – including what, if anything, you must do. Walk away able to identify the opportunities to seize and pitfalls to avoid.

Five Good Ideas

  1. Consider your jurisdictional options: pros and cons of Federal versus Ontario incorporation.
  2. Consider your membership structure to ensure it still meets your needs.
  3. Protect your Board from a “hostile take over”.
  4. Protect your Board from litigation: arbitration versus litigation of membership disputes.
  5. Protect your Board from liability.

Five Good Resources

  1. For updates on the Ontario Not-for-profit Corporations Act (ONCA) effective date and the latest tools needed for a smooth transition
  2. Request an ONCA Toolkit at ONCAtools@ontario.ca
  3. ONCA Transition Checklist
  4. Corporations Canada Transition Guide for Federal Not-for-profit Corporations
  5. McMillan Bulletin on the Canada Not-for-profit Corporations Act

A cautionary note

The foregoing text and video presentation are provided for general information purposes only. They are neither intended as, nor should be considered, legal advice and readers and viewers are cautioned against making any decisions based on this material alone. Rather, a qualified lawyer should be consulted.
© McMillan LLP 2013.

This event is made possible by the generous support of McMillan LLP.