Corporations Canada launches a new tool to help boards of trade create by-laws
Corporations Canada is introducing a new tool for boards of trade that are federally incorporated under the Boards of Trade Act (BOTA). The by-law builder is an interactive online tool that was developed to help new and existing boards of trade to create and update their by-laws.
The by-law builder offers two advantages: it combines BOTA legislative requirements with good corporate governance practices to promote the standardization of practices across the sector. The builder will also allow boards of trade to customize suggested options or put in their own provisions.
Boards of trade are encouraged to refer to the new By-law builder: boards of trade when looking for guidance with new by-laws or when conducting a review of their existing by-laws.
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