RECO / TRESA · Governance
Sole director must be the controlling shareholder
What the rule requires
The articles should require that the sole director is, at all times, the controlling shareholder.
Authority: O. Reg. 536/20, s. 2 ¶3 (sole director)
What goes wrong
The articles do not address this. PREC status would rest on conduct alone, with nothing in the constitution to prevent the breach.
What good looks like
The articles contain a provision to this effect.
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