The Sarnia-Lambton Real Estate Board, established in 1944, is a non-profit organization chartered under the provisions of the Province of Ontario Corporations Act, RSO 1990. ORGANIZATION OF THE BOARD
THE BOARD
The Sarnia-Lambton Real Estate Board, established in 1944, is a non-profit organization chartered under the provisions of the Province of Ontario Corporations Act, RSO 1990. THE DIRECTORS
The Board of Directors governs the affairs of the Board and consists of the following:
President
Vice-President
Immediate Past-President
Six (6) other Directors. THE EXECUTIVE OFFICER
The Executive Officer is responsible for the management and operation of the Board Offices, subject to direction of the Directors. Through Board staff, he is responsible for keeping a proper record of receipts and disbursements. These records are available for scrutiny by the Directors at any time. He directs the payment of all accounts owing by the Board, subject to approval by the Directors, directs the preparation of regular statements setting out the Board’s financial position at such intervals and in such detail as the Directors may require. He is entitled to be present at all meetings of the Executive Committee, the Board of Directors and the Members. Immediately upon expiry of the fiscal year of the Board, he ensures that all accounts and books for that fiscal year are audited by the Auditor who was appointed at the Annual Meeting and ensures the audited report is presented to the Directors at their first meeting after the Annual Meeting. The Executive Committee (comprised of the President, Vice-President and Finance Committee Chair) negotiates the Contract of the Executive Officer at least three months prior to contract expiration, and, with input from the Executive Officer, determines annual salaries for all Board staff. THE COMMITTEES
The Board of Directors appoints Board Members to direct (Chair) the operation of Committees and Task Forces, which perform all of the background and research for each specific area of responsibility.
