Governance for charities, not-for-profits: Back to basics

By Theresa Man ( March 23, 2020, 8:43 AM EDT) -- As charities and not-for-profits continue to play an important role in Canadian society, it is important to ensure that they maintain good governance and keep abreast of governance issues that may arise. In general terms, “governance” is the establishment, implementation and monitoring of appropriate rules and policies by an organization’s governing body in order to achieve its purposes. Proper governance requires appropriate structural and operational due diligence and effective decision-making. This article provides a brief overview of some common questions and issues that arise regarding governance for charities and not-for-profits concerning governing documents and bylaws....