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Appendix Ontario Real Estate Association Expectations of a Director, Directors Duties and Code of Conduct Date Approved:June 2022, 2016, Board of DirectorsReview Date:Policy ID:P1 Bod 101Status:Last
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Start by identifying the key responsibilities of a director, such as setting strategic goals, making decisions, and overseeing operations.
02
Clearly define these expectations in terms of specific tasks, objectives, and performance goals.
03
Communicate the expectations to the director through a formal document, such as a job description or performance agreement.
04
Provide support and resources to help the director meet the expectations, such as training programs or access to relevant information.
05
Regularly review and evaluate the director's performance against the established expectations, providing feedback and guidance as needed.
06
Make necessary adjustments to the expectations based on changing circumstances or organizational goals.
07
Continuously communicate and clarify the expectations to ensure a shared understanding between the director and the organization.

Who needs expectations of a director?

01
Organizations that have a director position
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Companies looking to set clear guidelines for their directors
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Boards of directors overseeing the performance of a director
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Non-profit organizations seeking to define the role of their director
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Any individual or entity involved in the recruitment, selection, or evaluation of a director
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Expectations of a director refer to the responsibilities, duties, and standards that a director is expected to uphold while serving on a board.
All directors serving on a board are required to file expectations of a director.
Expectations of a director can be filled out by clearly outlining the roles, responsibilities, and expectations that the director is expected to fulfill.
The purpose of expectations of a director is to clearly define the standards and duties that a director must adhere to while serving on a board.
The information reported on expectations of a director typically includes the director's roles, responsibilities, code of conduct, and any specific expectations set by the board.
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