28. Code of conduct for directors and officers  Policy Home

A code of conduct for directors and officers is to be provided in the Corporation’s Policies and Procedures Guide. 

All directors and officers are required to be familiar with this Code of Conduct and consider adherence to it as being a contractual obligation to conduct themselves according to its provisions and to uphold its provisions with regards to other directors and officers. 

Per the Act, every director and officer of the corporation shall:

a.    act honestly and in good faith with a view to the best interests of the corporation; and

b.    exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances; and

c.    comply with the Act, regulations, the articles, the By-Laws and any unanimous member agreement; and

d.    verify the lawfulness of the By-Laws, policies, procedures, and the activities of the corporation.