Information Required from the Board Sample Clauses

Information Required from the Board. 1) The Board shall conduct a Board evaluation in accordance with best practices at least once every two years. The evaluation may be facilitated by an independent third party. The results of the evaluation shall be summarized in a report and a copy of the report shall be provided to the Chair. The Chair shall provide a copy of the report to the Minister upon request. 2) The Board shall adopt a binding code of conduct for the Board members to prevent the possibility of any Board member advancing his or her personal or business interests or the interests of another person or organization, ahead of the interests of the Corporation. The code of conduct for Board members, as it may be amended from time to time, is subject to the approval of the Minister. Upon approval by the Minister, such code shall be attached to this Agreement as Schedule “E”. 3) The Board shall establish an advisory process for direct input to the Board on issues of importance to consumers. The terms of reference of such a process shall be made public and a report on the activities and advice provided by this process shall be included in the annual report.

Information Required from the Board. 1) The Board shall conduct a Board evaluation in accordance with best practices in alignment with its strategic planning timelines so that the findings can be considered for strategic planning purposes. The evaluation may be facilitated by an independent third party. The results of the evaluation shall be summarized in a report and a copy of the report shall be provided to the Chair. The Chair shall provide a copy of the report to the Minister upon request. 2) The Board shall adopt a binding code of ethics for its directors, officers, inspectors, and every other person employed, retained or appointed by the RHRA. The code shall include rules to prevent the possibility of any Board member advancing his or her personal or business interests, or the interests of another person or organization, ahead of the interests of the RHRA. As well as rules respecting conflicts of interest, the code shall include rules respecting political activity and disclosure of wrongdoing. The code of ethics, as it may be amended from time to time, is subject to the approval of the Minister. Upon approval by the Minister, such code shall be attached to this MOU as Schedule “D”. 3) The annual meeting, at which the Board shall present its annual report and audited financial statements, and report to the members of the RHRA on the affairs of the RHRA for the immediately preceding year, shall be open to the general public and the Board shall make reasonable efforts to inform the general public of such meeting. 4) Subject to any Minister’s requirement made under section 19.1 of the Act, the RHRA shall establish and maintain an advisory process for direct input to the RHRA on issues of importance to consumers. This may include the establishment of an advisory committee comprised of at least one consumer and at least one representative of the retirement home sector and any other individuals selected by the Board or determined by the Minister. The terms of reference of such an advisory process shall be made public and a report on the activities and advice provided by this process shall be included in the annual report.

Information Required from the Board. 1) The Board shall conduct a Board evaluation in accordance with best practices at least once every two years. The evaluation may be facilitated by an independent third party. The results of the evaluation shall be provided to the Chair. A report summarizing the results of the evaluation shall be provided to the Minister upon request. 2) The Board shall adopt a binding code of conduct for the Board members to prevent the possibility of any Board member advancing his or her personal or business interests, or the interests of another person or organization, ahead of the interests of the Corporation. The code of conduct for Board members, as it may be amended from time to time, is subject to the approval of the Minister. Upon approval by the Minister, such code shall be attached to this MOU as Schedule “F”. 3) The annual meeting, at which the Board shall present its annual report and audited financial statements, and report to the members of the Corporation on the affairs of the Corporation for the immediately preceding year, shall be open to the general public and the Board shall make reasonable efforts to inform the general public of such meeting. 4) Subject to any Minister’s order made under section 3.10 of the Act, the Corporation shall maintain one or more advisory councils for direct input to the Corporation on issues of public safety importance to the industries regulated by the Corporation and consumers. The terms of reference of such a process shall be made public and a report on the activities and advice provided by this process shall be reported annually to the Chair of the Board.

Information Required from the Board. (1) The Board shall conduct a Board evaluation in accordance with best practices at least once every two years beginning one year after the date of designation. The evaluation may be facilitated by an independent third party. The results of the evaluation shall be summarized in a report, and a copy of the report shall be provided to the Chair. The Chair shall provide a copy of the report to the Minister upon request. (2) The Board shall adopt a binding code of conduct for the Board members to prevent the possibility of any Board member advancing his or her personal or business interests, or the interests of another person or organization, ahead of the interests of the Condominium Authority. The code of conduct for Board members, as it may be amended from time to time, is subject to the approval of the Minister. Upon approval by the Minister, such code shall be attached to this Agreement as Schedule “E”. (3) The annual meeting, at which the Board shall present its annual report and audited financial statements, and report to the members of the Condominium Authority on the affairs of the Condominium Authority for the immediately preceding year, shall be open to the general public and the Board shall make reasonable efforts to inform the general public of such meeting. (4) Within one year of the date of designation, the Board shall establish an advisory process for direct input to the Board on issues of importance to the condominium community. The terms of reference of such a process shall be made public and a report on the activities and advice provided by this process shall be included in the annual report.