Background Image
Previous Page  50 / 118 Next Page
Information
Show Menu
Previous Page 50 / 118 Next Page
Page Background

committee members shall not consist of officers or employees of the corporation. 1998, c. 19,

s. 68 (2).

Review of statements

(3)

On receiving the financial statements, the auditor’s report and an amended auditor’s

report, if any, the audit committee shall review them and submit them to the board. 1998, c. 19,

s. 68 (3).

Auditor to appear

(4)

The auditor has the right to appear before and be heard at any meeting of the audit

committee and shall appear before the committee when the committee so requires. 1998, c. 19,

s. 68 (4).

Meeting at auditor’s request

(5)

At the request of the auditor, the audit committee shall convene a meeting of the

committee to consider all matters the auditor believes should be brought to the attention of the

board or the committee members. 1998, c. 19, s. 68 (5).

Delivery of statements

69. (1)

The board shall place before each annual general meeting,

(a) the financial statements as approved by the board;

(b) the auditor’s report; and

(c) all further information respecting the financial position of the corporation that the by-

laws of the corporation require. 1998, c. 19, s. 69 (1).

Copy with notice of meeting

(2)

The corporation shall attach to the notice of the annual general meeting a copy of the

financial statements and the auditor’s report. 1998, c. 19, s. 69 (2).

Right to attend meeting

70. (1)

The auditor is entitled to attend a meeting of owners and to be heard on any part of

the business of the meeting that concerns the office of the auditor. 1998, c. 19, s. 70 (1).

Notice of meetings

(2)

The corporation shall give the auditor notice of all meetings of owners and all other

communications relating to the meetings that the owners are entitled to receive. 1998, c. 19,

s. 70 (2).

Attendance required

(3)

The corporation or an owner may require that an auditor or a former auditor attend a

meeting of owners for the purpose of answering inquiries described in subsection (6) by giving

written notice to the person whose attendance is required, at least five days before the meeting,

that the person’s presence is required. 1998, c. 19, s. 70 (3).

Notice to corporation

(4)

An owner who gives written notice to an auditor or former auditor under subsection (3)

shall give a copy of the notice to the corporation. 1998, c. 19, s. 70 (4).

Remuneration for attendance

(5)

If an auditor or a former auditor is required to attend a meeting of owners, the