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=== Remuneration of | === Remuneration of directors and signing authority === | ||
{| class="wikitable" | {| class="wikitable" | ||
! | <b>Item</b> | ! | <b>Item</b> | ||
! | ! | <b>Provision in new Act</b> | ||
! | ! | <b>Scope of what bylaws can or must do</b> | ||
! | ! | <b>Implications for your bylaws </b> | ||
|- valign="top" | |- valign="top" | ||
| <b>Director’s remuneration </b>(effective in 2018 for existing societies) | | <b>Director’s remuneration </b>(effective in 2018 for existing societies) | ||
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| New model bylaws are silent. Old Schedule B model bylaws require that directors "must be reimbursed for all expenses necessarily and reasonably incurred". | | New model bylaws are silent. Old Schedule B model bylaws require that directors "must be reimbursed for all expenses necessarily and reasonably incurred". | ||
|} | |} | ||
=== Inspection of Records === | === Inspection of Records === | ||
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