Disclosures of Pecuniary Interests
Once sworn into office, it is the obligation of all members of the Board when making decisions or giving advice on Board matters to act honestly and responsibly in carrying out their functions. Generally those obligations include the disclosures of pecuniary interest.
A pecuniary interest is a matter where one may have any direct or indirect conflict in relation to a matter under consideration. For an “indirect pecuniary interest” see Section 2 of the Municipal Conflict of Interest Act. For a “deemed direct or indirect pecuniary interest” see Section 3 of the Municipal Conflict of Interest Act.
The onus is on the Board Member to determine whether they are affected by the pecuniary interest provisions.
Effective January 1, 2019, it is required that all Board Members submit their disclosures of pecuniary interest in writing to the Board Secretary or immediately following the meeting during which they verbally disclose an interest in writing to the Board Secretary using the Disclosures of Pecuniary Interests Form.
A registry has been created of the written disclosures which is available for public inspection.