LSTAR ANNUAL GENERAL REVIEW 2022
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GOVERNANCE
The mandate of the Governance Committee is to monitor all governance issues
and provide recommendations to the Board of Directors. The committee's
responsibilities are to review, provide guidance and/or recommend to the Board,
governance issues to include but not limited to:
·
Stakeholder Relationship Development;
·
Board of Directors Structure;
·
Committees/Task Forces/Advisory Groups of the Board of Directors;
·
Association Governing Principles;
·
Board of Directors Development and Orientation;
·
Board of Directors Evaluation and Accountability;
·
Association Bylaws and General Policy; and
·
General Membership Meeting issues.
In 2022, the Governance Committee continued the ongoing review of the LSTAR
Bylaws.
The Governance Committee recommended and the Directors approved several
Bylaw changes, which were presented to the LSTAR Membership at LSTAR's
AGM on June 28.
The Members approved the following Bylaw changes:
·
Article 4 Dues and Fees Section 5 Non-Payment of Fees and Association Accounts 5.01, 5.02 a)
and 5.02 b) that the London and St. Thomas Association of REALTORS® Bylaw be amended and approved to
modernize member notification of past due accounts, so that all notices be changed to electronic communication.
·
Article 9 Professional Standards, Discipline and Appeal Section 15 Decisions and Penalties 15.01
b) (iii) that the London and St. Thomas Association of REALTORS® Bylaw be amended and approved to state
that the maximum fine issued by the Discipline Hearing Panel be increased from $5,000 to $30,000 to reflect the
severity of the infraction.
·
Article 6 Directors and Officers Section 1 Board of Directors 1.02 i) that the London and St. Thomas
Association of REALTORS® Bylaw be amended and approved to change the composition of the Board of
Directors to three (3) Principal Brokers; three (3) Brokers/Salespeople; and three (3) Directors of any class.
·
Article 6 Directors and Officers Section 1 Board of Directors 1.04 a) and b) ii) that the London and St.
Thomas Association of REALTORS® Bylaw be amended and approved to reduce the number of Directors from
one Firm to two (2) and three (3) respectively.
·
Article 6 Directors and Officers Section 1 Board of Directors 1.05 that the London and St. Thomas
Association of REALTORS® Bylaw be amended and approved to remove the position of Vice-President from the
LSTAR Board of Directors composition.
The following Bylaw change was defeated by Members:
·
Article 8 Arbitration and Appeal Section 6 Filing the Claim 6.01 c) that the London and St. Thomas
Association of REALTORS® Bylaw be amended and approved to increase the Arbitration Filing Fee from $250 to
$1,000, to be aligned with ITSO.
The Committee also recommended and the Directors approved that the policy for the selection of the LSTAR
representative on the ITSO (Information Technology Systems Ontario) Board of Directors be accepted as presented.
The Governance Committee recommended and the Directors approved that the revised General Policies be approved
as presented.
The committee also recommended and the Directors approved that an external consultant be engaged to complete a
thorough review of the LSTAR Bylaws and make recommendations for revisions; the project is to be completed
by June 1, 2023 at a cost not to exceed $25,000.
CHAIR
Blair Campbell
MEMBERS
Jack Lane
Laura Leyser
Randy Pawlowski
Richard Thyssen
Carl Vandergoot
Peter White
Bill Madder
Adam Miller (Observer)
STAFF LIAISONS
Joanne Shannon
Chad Lovell