Show:
Governance
Meeting Standards
Show me the Money
Who Does What?
Definitions
100
Duty of Diligence, Loyalty and Obedience
What are the three legal duties of Not for Profit Board of Directors?
100
Sets the timing and topics for a meeting
What is an agenda
100
A monthly report that shows current assets and Liabilities
What is a Balance Sheet
100
Serve on VPIA committees based on skills and knowledge and areas of interest.
What is Volunteers/Staff/Board members?
100
This type of member is entitled to receive notice of, attend and vote at all meetings of members and be entitled to one (1) vote at such meetings.
What is a Class A member of VPIA?
200
This group is responsible for completing an annual performance appraisal of the CEO within three months of the end of the fiscal year.
What is the BOD Annual CEO Performance Appraisal Committee?
200
This is a key document that must be signed by all VPIA Board members, staff and volunteers.
What is the VPIA Code of Ethics
200
A projection of the revenues to be gained and the expenses required to implement the activities of the Association.
What is a Projected Budget?
200
A professional with skills and experiences with managing a not for profit and delivering programs and services
What is a CEO?
200
A situation in which the personal and professional concerns of a board (or staff) member affect his or her ability to put the welfare and concerns of VPIA ahead of personal or professional gain.
What is Conflict of Interest
300
A legal document written by the Founders in July 2013.
What is Transfer of Royalty and Rights Letter.
300
A resolution passed by a majorityof not less than two-thirds (2/3) of the votes cast on that resolution.
What is a Special Resolution.
300
The verification of the financial statements of a legal entity,intended to provide reasonable assurance, but not absolute assurance, that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial reporting framework.
What is an Annual Financial Audit?
300
Holds the CEO accountable for the performance of the Association.
What is the Board of Directors?
300
A responsibility of individual board members and the board as a whole to ensure that financial resources are sufficient to meet the needs of VPIA and will handled appropriately.
What is Fiduciary Responsibility
400
Refers to the responsibility of board members and organizations for the consequences of conduct that fails to meet a predetermined legal standard.
What is Liability?
400
When an individual’s private interest differs from his or her professional obligations to an organization.
What is Conflict of Interest?
400
A process that explains the difference between the bank balance shown in an organisation's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.
What is a Bank Reconciliation
400
Monitors the compliance with the Canadian Not for Profit Code?
What is Industry Canada
400
Describes the need VPIA was created to meet, and answers the basic question of why it exists.
What is the VPIA Mission Statement
500
The Federal and Provincial requirements to elect and appoint directors, call meetings of members, pay taxes, keep minutes, maintain a safe workplace, report and disclose information to authorities.
What are Statutory Obligations?
500
51%
What is the required % of members to meet quorum?
500
Loan payable to the Founders, TVP International Development Fund and TVP Trauma Healing Program Fund.
What are the current liabilities established for VPIA?
500
Acts a connection between VPIA committees and the VPIA Board of Directors
What is Board Liaison?
500
The duty to act within the scope of the governing policies of the organization and within the scope of other laws, rules and regulations that apply to the organization.
What is Duty of Obedience?