Ontario charitable corporations: Payments to directors, connected persons

By Ugochukwu Mbamalu ( November 20, 2024, 10:18 AM EST) -- Directors of charitable corporations operating in Ontario are subject to strict requirements to act without personal benefit — meaning they cannot be paid for serving as directors or for other services unless authorized by court order or pursuant to Ontario Regulation 4/01 under the Charities Accounting Act (the Regulation)....