www.carters.ca
www.charitylaw.ca
•ONCA permits directors and officers to enter into contracts or transactions with the corporation as long as they disclose any conflict of interest that may exist
–Common law rule overrides the ONCA - prohibits directors
of charities to place their personal interests in conflict with
their duty to the charity
–Regardless
of whether there is actual loss to the charity
–Possible to seek PGT consent court order
to permit directors be paid, but
generally high threshold for such an
order
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