www.carters.ca
www.charitylaw.ca
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4.Other
Means of Due Diligence in Reducing Risk to Directors
–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