RECO / TRESA · Governance
The articles permit more than one director
What the rule requires
The regulation requires a sole director. Fixing the authorised range at one director makes a second appointment impossible rather than merely unwise.
Authority: O. Reg. 536/20, s. 2 ¶3 (sole director)
What goes wrong
The articles authorise a range of 1 to 10 directors. Only one may have been appointed, but the constitution permits a second at any time, which would end PREC eligibility the moment it happened.
What good looks like
The articles fix the number of directors at exactly one.
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