Gleniffer Lake Resort New Director Onboarding Test (10 Questions) Instructions: Select the best answer for each question.
1. The Condominium Corporations at Gleniffer Lake Resort are governed primarily by: A. Business Corporations Act (BCA) B. Condominium Property Act (CPA) C. Societies Act D. Municipal Government Act
2. Gleniffer Lake Resort Ltd. (GLRL) is governed primarily by: A. Condominium Property Act (CPA) B. Business Corporations Act (BCA) C. Canada Not-for-Profit Corporations Act D. Municipal bylaws
3. A Director’s fiduciary duty requires them to: A. Represent the interests of their Phase only B. Act in the best interests of the Corporation as a whole C. Follow majority opinion of lot owners D. Protect only financial matters
4. If a Director has a conflict of interest in a decision, they must: A. Vote quickly before discussion B. Disclose the conflict and abstain from discussion and voting C. Remain silent but vote D. Delegate their vote to another Director
5. Condo Corp Representatives attending GLRL Board meetings: A. Are voting members B. May vote by proxy C. Attend as Guests and do not vote D. Vote only on financial matters