Review of bylaws and incorporating documents
Directors of Benevolent Organizations may be exposed to unnecessary personal liability because of inadequacies in constituting and governing documents. Similarly, an inappropriate organizational structure can result in avoidable risks for a Benevolent Organization's assets. These concerns are particularly pressing for Benevolent Organizations that have existed for several years, and whose operations have evolved such that the original constitution, bylaws and legal structure are no longer adequate to protect the organization's directors, officers, employees and assets.

Benefic's Corporate Governance Audit will review:

• Whether the current activities of the Benevolent Organization are adequately covered by its governing documents
• Whether current legal structure is optimal or appropriate, given assets held by the organization
• Bylaws in light of statutory requirements and best practices
• Registers of members and directors and practices related to maintaining required records
• Procedures for the Annual General Meeting and filing corporate annual reports
• Bylaws and policies related to investments
• Board policies and procedures
• Whether directors' liability insurance is appropriate

(Benefic Compliance retains the right to review this quoted price after initial consultation depending on the size of the organization and potential scope of the audit.)