•Why
charities and RCAAAs should be concerned
–CRA has yet to make clear what the effect of having
an “ineligible individual” on the board will be, but revocation
is a statutory right of CRA
–CRA
has so far stated that they
§Will look at the particular
circumstances of a charity or RCAAA
§Will take into account whether
appropriate safeguards have been instituted to address any potential
concerns
–Unfortunately, CRA has not stated what those circumstances
are and no explanation of what the safeguards might be has been
given
•