BC Gov News: New Societies Act improves transparency and flexibility
The new Societies Act takes effect today, providing British Columbia societies with additional flexibility and offering the public more transparency.
A new online filing system – Societies Online – has been developed, allowing societies to submit and obtain records faster and easier.
The new act is modern and reflects the diverse nature of societies. Highlights include:
- Electronic filing capabilities through the new Societies Online filing system will reduce red tape by eliminating wait times to complete filings and/or obtain copies of filings.
- More accountability for societies that receive public funding. The new act requires the disclosure of remuneration paid to directors and to the 10 highest paid employees and contractors earning over $75,000.
- Streamlined and simplified rules governing societies.
- Increased flexibility for societies to create, through their bylaws, governance rules that reflect the unique characteristics of each society and the needs of the communities they serve.
Read the whole article here.