Dear Members,
In 2024, a Working Group consisting of both members and non-members reviewed all Committee Terms of Reference. Their goal was to explore new opportunities for LSTAR while upholding our commitment to engagement, diversity, equity, and inclusion. This effort aimed to ensure our committees provide maximum support to LSTAR and its membership.
I am pleased to announce that the Terms of Reference for all committees have been updated and modernized. Thank you to the committee members who dedicated their time and effort to enhance LSTAR’s governance.
Additionally, the Board of Directors (BOD) acted on member feedback to review our governance frameworks. At the end of 2022, LSTAR began working with TNG to review and update LSTAR’s By-Laws and General Policies. At the AGM in 2023, TNG’s Bill Harrington presented a report, and members approved the updated By-laws.
Since then, Phase 2 of the Trust in Real Estate Services Act (TRESA) has gone into effect, replacing the Real Estate and Business Brokers Act (REBBA). There have also been revisions to the Ontario Not-for-Profit Corporations Act (ONCA). Members approved two further amendments to the By-laws at the AGM in 2024 to address TRESA and ONCA.
The Governance Committee has formed a Bylaw Review Working Group to review our current Bylaws and recommend modernization.
The 2025 BOD has engaged members outside the board in this process, ensuring diverse perspectives are considered. This initiative aims to modernize our Bylaws, making them clearer, more accessible, and better aligned with our evolving needs.
We are committed to keeping you informed about the proposed recommendations and will share finalized amendments well in advance of the May 13, 2025, AGM. Please review the proposed recommendations carefully.
Thank you for your continued support and engagement.
Warm regards,
Dale Marsh, 2025 LSTAR Chair
