BPWCCUL By-Laws Review 2025 – FINAL VERSION 36 EXISTING BY-LAW PROPOSED CHANGE RATIONALE a) forthwith after he becomes aware that the contract or proposed contract is to be considered, or has been considered, at a meeting of directors of the Society; b) if the officer becomes interested after a contract is made, forthwith after he becomes so interested; or c) if a person who is interested in a contract later becomes an officer of the Society forthwith after he becomes an officer or senior management personnel. By-law 47 The Director, officer or senior management personnel of the Society must disclose in writing to the Society, or request to have entered in the minutes of meetings of directors, the nature and extent of such interest forthwith after the Director, officer or senior management personnel becomes aware of the contract or proposed contract. By-law 47: No changes By-law 48 The Director shall not vote on any resolution to approve a contract in which he has declared an interest. By-law 48: No changes By-law 49 A contract between the Society and one or more of its directors, officers or senior management personnel, or between the Society and another body of which a director, officer or senior management personnel of the Society is a director or officer or in which he has an interest, is neither void nor voidable by reason only of that relationship. By-law 49: No changes
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