Governance Reform (August 2012)
A new corporate Bylaw has been issued for public comment, reflecting the modifications to the Framework discussed in the Board's response paper. The Bylaw is also being modified to reflect the requirements of the Canada Not-for-profit Corporations Act, which OBSI is required to conform to. This Act came into force on October 17, 2011 and all federally-incorporated organizations have until October 17, 2014 to comply. The new Act does not apply automatically; organizations must amend their Bylaws and create Articles of Continuance, also being issued as part of this consultation, to obtain a Certificate of Continuance.
OBSI invites written comment on the draft Bylaw and Articles of Continuance issued alongside the discussion document. All stakeholders are invited to provide feedback.
After receipt and consideration of comments, OBSI's Board of Directors will approve a new Bylaw in time for the organization's AGM in September.
Comment letters may be addressed to:
OBSI Governance Committee
c/o Tyler Fleming
Director, Stakeholder Relations and Communications
401 Bay St.
Suite 1505, P.O. Box 5
Toronto ON M5H 2Y4
Fax: 1-888-422-2865
Email: governance@obsi.ca
Comments will be accepted until August 31, 2012 and will be posted on OBSI's website.