News and Views
June 26, 2015
Posted in: WATSON Speaks
There is a lot of information and speculation out there about the new BC Societies Act – what you need to do and why.
As part of WATSON’s ongoing research and as we monitor the governance landscape we are keeping abreast of developments and initiatives related to the new BC Societies Act. At WATSON, we see transitioning under the new Societies Act as an opportunity to enhance governance practices and have identified three key areas where societies can optimize this window for positive change: Bylaws, Policy Review and Renewal.
WATSON has also identified the “BIG FIVE” changes that come with very specific requirements:
1) Member-Funded Societies
2) Records and Reporting Requirements
3) Member Classes
4) Directors – Qualifications, Restrictions and Powers
5) Special Resolutions
As new information becomes available and enabling regulations are introduced, WATSON will be expanding its program of breakfast workshops and will publish updates on the web. WATCH this space!
In the meantime, if you’d like to learn more about the “Big 5”, if you’re curious about WATSON’s advice on the “three windows of opportunity” and you want to start planning for change, contact us and ask how we can help you:
- Get informed about changes to the Act and what this means to your organization;
- Learn how to prepare; and
- Explore how this transition is an opportunity to improve overall governance practices.