Modernization of Ontario Legislation for the Nonprofit Sector
January 22nd, 2008 by Lynn Eakin
The Ontario Nonprofit Network (ONN), expert working group has been hard at work on a more detailed study of the legislative options for public benefit organizations and drafting these briefing notes for the field.Act now! Make sure your organization participates in the consultation process and take the time to forward this brief to your networks.
The ONN has just released Revising the Corporations Act - A Brief to the Sector. The recommendations are found in the Recommendations at a Glance.
Highlights include a call for:
- A dedicated Not-for-Profit Act;
- Reform of charitable regulation and oversight in addition to revising the Corporations Act;
- No regulation or restriction on the capacity of a not-for-profit corporation to earn revenues;
- Clear distribution constraints on nonprofits to ensure public benefit;
- and more…..
You can read the full report or please consider passing the recommendations found on pages 3 and 4 to those who might be interested such as Boards of Directors.
