Name: The Canadian-Chinese Professional Accountants Association Ontario Chapter® or the CCPAA-ON in the following text.
The CCPAA-ON is an independent and not-for-profit organization of professionals and scholars who are of Chinese origin and work in accounting, auditing and taxation or related areas, including banking, investment, insurance, education institutions, and government agencies.
The CCPAA-ON seeks to enhance communication in research, education, regulation and business practices of accounting, auditing, finance, taxation and the related areas between Canada and China.
CCPAA-ON encourages members to develop their career paths and professional competency.
CCPAA-ON encourages members to understand both Canadian and Chinese accounting, auditing, finance and taxation systems in a broad view and actively participate in the modernization and globalization process of accounting and related industries.
CCPAA-ON welcomes opportunities such as joint research projects, education programs, and publications in accounting, auditing, finance, taxation or related areas.
Board of Directors
A member of the CCPAA-ON is elected to be a director with at least an affirmative vote of two-thirds (2/3) of the members at a general meeting duly called for the purpose of the general election. A Board of Directors is elected with a regular term of five (5) years.
The Board of Directors appoints the President and approves the appointments of other members in the Executive Committee nominated by the President. The Board of Directors also appoints the Board of Arbitration and the Advisors in the Advisory Committee.
The Board of Directors may request at any time to conduct an internal or external audit of the financial statements of the CCPAA-ON to review the performance of the Executive Committee or to call for an early or regular election by calling a general meeting.
The Chairperson of the Board of Directors is elected by the members of the Board. The term of the Chairperson is not longer than that of the Board.
Board of Arbitration
The Board of Directors appoints the Board of Arbitration with a regular term of two (2) years. The members of the Board of Arbitration should not be in the Executive Committee.
At the request of the Board of Directors, the Board of Arbitration handles members’ complaints, disputes and other issues that can not be settled by the Executive Committee and are within the jurisdiction of the CCPAA-ON.
The Board of Arbitration can not hand out a verdict or resolution if the matter is out of the jurisdiction of the CCPAA-ON.
The President is elected with a regular term of three (3) years and can be extended by the Board of Directors. The President nominates the members of the Executive Committee, which is subject to the approval of the Board of Directors. The Executive Committee is responsible for daily operations and project executions of the CCPAA-ON.
The Executive Committee may authorize the use of funds within a limit set by the Board of Directors. For other spending plans, the Executive Committee needs approval in advance from the Board of Directors.
The Executive Committee may set certain internal regulations and guidelines regarding the spending of budget and cost control.
A distinguished scholar, politician or business leader who supports the ideas of the CCPAA-ON may be nominated by any member of the CCPAA-ON to the Advisory Committee.
The nomination of the Advisory must be approved by an affirmative vote of two-thirds (2/3) of the Board of Directors.