GOOD FAITH, HONESTY & PRUDENCE. Duties of Condominium Directors in Ontario. Michael H. Clifton, MA, LLB, ACCI (Law) – Partner, Clifton Kok LLP ACMO/CCI-TORONTO CONFERENCE 2008. GOOD FAITH. FIDUCIARY. Position of Trust. Position of Responsibility.
GOOD FAITH, HONESTY & PRUDENCE
Duties of Condominium Directors in Ontario
Michael H. Clifton, MA, LLB, ACCI (Law) – Partner, Clifton Kok LLP ACMO/CCI-TORONTO CONFERENCE 2008
and not in his or her own self interest
and not to any individual unit owner or group of owners
37. (1) Every director and every officer of a corporation in exercising the powers and discharging the duties of office shall,
(a)act honestly and in good faith; and
(b)exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.