www.carters.ca
www.charitylaw.ca
106
N.OTHER MEANS OF DUE
DILIGENCE IN REDUCING RISK
•Legal
risk management committee needs to be formed to conduct review and
identify risks
•Need
to conduct ongoing review of assets and risks utilize legal risk management
checklist
•Independent
legal advice needed for directors in high risk situations
•Directors
may need to seek independent legal advice before resigning from the
board of directors