www.carters.ca
www.charitylaw.ca
–Duty
to Act Gratuitously for the Charity
§Directors in Ontario cannot receive
any remuneration, either directly or indirectly, from the
charity
§Can seek approval for remuneration
from the court under section 13 of the Charities Accounting
Act (“CAA”) for payment for services other than as a director but
difficult to attain
§The onus will be on the applicant
to show that such payment for services “is in the best interest
of the trust in light of the circumstances and the basic rules of
equity which affect trustees”
§Directors and officer insurance, as
well as indemnification available provided that regulations
under the CAA are complied with
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