Industry committee  Sure. I would agree in that there are parts of the act where certain amendments to a bylaw only require director approval, but other amendments require director and member approval. That's the kind of complexity that somebody has to be able to spell out really clearly for organi

Industry committee  It provides for the ability to have different classes of membership, and you can call some of them “non-voting”.

Industry committee  But then, for certain particular purposes, the statute says they have to vote separately, as a class. It's like they have a veto right.

Industry committee  I think it's in that circumstance, and there are a couple of others where there is substantive change. It's more like a veto right that is given to a group that historically would not have done that.

Industry committee  It's the concept of this distinction between soliciting and non-soliciting. The act all of a sudden brings in this new concept. If it's just to set up a non-share capital corporation and it's not dealing with whether you're a charity and what kind of a corporation you are--you're

Industry committee  --which is questioned, partially from the point of complexity. Because as was also said by Mr. Reid, many organizations that use this act will not have legal counsel, will not have the sophistication to.... It is suggested that it adds complexity when there is no demonstrable b

Industry committee  To the extent that it gets into parts dealing with debts and trust indentures and various other entities, I'm not sure I could reach a conclusion on that. It is easier to get incorporated and it doesn't require approval of bylaws, so to that extent it may be simpler. But I would

Industry committee  I don't recall the Canadian Bar Association submission suggesting a classification system. I don't believe that's a fundamental aspect. I'm not sure which part of the brief.... There are comments on the soliciting corporation, and there are comments on the definition and how it d

Industry committee  I think the task force comment on that is that the consultation that has occurred to date has been in a forum similar to this. Everyone has been very supportive of that. But Imagine and other sector groups have been concerned that the actual bill itself doesn't really accurately

Industry committee  I think it really comes down to that. I guess the philosophy that I understood from the business corporation statutes, both in Ontario and federally, is that they are basically facilitative. They set a framework that the individual can take advantage of to create the corporation

Industry committee  Good afternoon, Mr. Chairman and members of the committee. It's certainly a pleasure to be here supporting Imagine Canada today. Thank you very much, Madam Coady, for your inquiry. The bill, as it's tabled, contains a number of provisions that deal with what I would call signifi