Document background
The Board Member Solicitation Letter is a crucial document in Canadian corporate governance, used when organizations seek to expand or refresh their Board of Directors. This document is typically employed during formal board recruitment processes and must comply with requirements set forth in the Canada Business Corporations Act (CBCA) and provincial corporate legislation. The letter serves as the first formal point of contact with potential board candidates, providing comprehensive information about the organization, board role, responsibilities, time commitments, and compensation. It's designed to both attract qualified candidates and ensure transparency in the recruitment process while addressing specific Canadian regulatory requirements for board composition, including residency requirements and independence criteria where applicable.
