ONCA

The Ontario Not-for-Profit Corporations Act (ONCA) is bringing sweeping changes to the nonprofit sector in Ontario. This post simplifies these changes to help you understand what they mean for your organization.

• Simplified Governance: ONCA introduces simpler and more flexible rules for how nonprofits operate. This includes less rigid requirements for member meetings and record-keeping.
• Increased Transparency: With ONCA, there's a stronger emphasis on transparency and accountability, a crucial factor in maintaining public trust.
• Member Rights: Members of nonprofits gain more rights, including the ability to access more organizational records.
• New Rules for Directors and Officers: ONCA sets clearer guidelines for the roles and duties of directors and officers, helping to streamline management and decision-making processes.
  
  

ONCA represents a significant shift towards a more modern, transparent, and flexible approach for nonprofits. Understanding and adapting to these changes is key to thriving in Ontario's evolving nonprofit sector.