Recommendations of the Members By-Laws Review Committee 44 Current By-Laws (January 2023) (A) Board’s Proposed Change (B) Board’s Rationale (C) By-Law Committee’s Recommendation (D) By-Law Committee’s Rationale (E) DISCLOSURE OF INTEREST By-law 46 46. The disclosure required by By-Law 44 must be made, in the case of an officer or senior management personnel of the Society who is not a director, (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 46 No changes. By-law 46 No changes were recommended by the Committee. No need to change. DISCLOSURE OF INTEREST By-law 47 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 47 No changes were recommended by the Committee. No need to change. DISCLOSURE OF INTEREST By-law 48 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 48 No changes were recommended by the Committee. No need to change.
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