Translation of "établissement de bienfaisance " (French → English) :

Q. whereas there are several entities, in public administration (such as municipalities) as well as in civil society, varying from NGOs to charities and from schools to social services, that have the experience and expertise necessary to carry out follow-up measures,

Q. whereas there are several entities, in public administration (such as municipalities) as well as in civil society, varying from NGOs to charities and from schools to social services, that have the experience and expertise necessary to carry out follow-up measures,

These charitable institutions, be they large hospitals or the small charity that gets on the telephone to us, or usually to our aged parents who cannot think very clearly for themselves, and solicit money and spend that money, these organizations are still not under meaningful, legislated standards of corporate governance and transparence.

(o) to formulate a minimum standard for regulations on transparency of charities to ensure that banks, credit institutions, insurers, financial companies and not-for-profit organisations afford maximum transparency to their own management, financial and budget procedures, by exclusively using official bank accounts for fund deposits and standard and formal channels for fund transfers, by publishing budget plans that are as comprehensive as possible and include information on the precise identity of the recipients and on the intended use of the funds, and by entrusting the auditing of their own management processes to independent auditors ...[+++];

formulate a set of minimum standards for rules on transparency in the charity sector to ensure that banks, credit institutions, insurance and finance companies and not-for-profit organisations achieve maximum transparency in their own management, financial and accounting procedures, by exclusively using official bank accounts for fund deposits and standard and formal channels for fund transfers, by publishing balance sheets which are as comprehensive as possible and include information on the precise identity of the recipients and on the intended use of the funds, and by entrusting the monitoring of their own management procedures to ind ...[+++]ependent auditors;

Finally, the provisions of the bill will not apply to the core functions of financial institutions, registered charities, educational institutions (except post-secondary institutions), hospitals, places of worship, retirement homes, telecommunications research companies, and broadcasters.