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==There is greater access to a society's records== | ==There is greater access to a society's records== | ||
Under the new ''Societies Act'', members have greater access to a | Under the new ''Societies Act'', members have greater access to a society's records. The Act spells out the records a society must keep, including a register of members, minutes of members' and directors' meetings, accounting records, and financial statements. | ||
By default under the Act, members are entitled to inspect all records of the society (as are directors). For some records, member access can be restricted. For example, a | By default under the Act, members are entitled to inspect all records of the society (as are directors). For some records, member access can be restricted. For example, a society's bylaws can restrict members' access to accounting records. | ||
The public is entitled to receive a copy of a | The public is entitled to receive a copy of a society's financial statements and auditor's report if requested. A society can choose to grant access to the public to more of its records. The only record that is excluded from public accessibility is the society's register of members. | ||
{| class="wikitable" | {| class="wikitable" | ||
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| Register of members || Yes || Yes, though directors may restrict || No | | Register of members || Yes || Yes, though directors may restrict || No | ||
|- | |- | ||
| Minutes of | | Minutes of members' meetings and copies of all ordinary and special resolutions || Yes || Yes || Bylaws may permit | ||
|- | |- | ||
| Minutes of | | Minutes of directors' meetings and copies of all consent resolutions of directors || Yes || Yes, though bylaws may restrict (except relating to conflicts disclosures) || Bylaws may permit | ||
|- | |- | ||
| Any disclosures by directors or senior managers of a conflict of interest || Yes || Yes || Bylaws may permit | | Any disclosures by directors or senior managers of a conflict of interest || Yes || Yes || Bylaws may permit | ||
|- | |- | ||
| Accounting records, including a record of each transaction materially affecting the | | Accounting records, including a record of each transaction materially affecting the society's financial position || Yes || Yes, though bylaws may restrict || Bylaws may permit | ||
|- | |- | ||
| Financial statements and any | | Financial statements and any auditor's report on the financial statements || Yes || Yes || Yes | ||
|- | |- | ||
|} | |} |
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