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Clifton, MA, LLB, ACCI (Law)  Partner, Clifton Kok LLP ACMO/CCI-TORONTO CONFERENCE 2008 y 2yH  0޽h ? 33___PPT10i.::0 +D=' = @B +c 0N0 bZ (    Hl ?` B GOOD FAITH  DfH  0޽h ? thA9cf___PPT10i.::[+D=' = @B + 0N0    (    Hpp ?` A FIDUCIARY  Df-   fD|1?,$0 cPosition of Trust$ v2  6   ft1?p,$0 lPosition of Responsibility$ v2  g   f1? ,$0 KMust act in the interest of the person or entity to whom the duty is owed, $L v2L  I   f(1?0 P ,$0 'and not in his or her own self interest*( v2(  x   f1?q ,$0 &A condominium director s fiduciary duty is owed to the condominium corporation and not to any individual unit owner or group of ownersZO v2E v27E  H  0޽h ? thA9cf"___PPT10.::[+_6D' = @B Dq' = @BA?%,( < +O%,( < +D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*++0+0 ++0+0 ++0+0 ++0+0 ++0+0 +Z 0N0 `X@(  X X HՓ ?` B GOOD FAITH  Df X B8 tO <$0  .Z X 6LS ?`P,$0 (a) act honestly and in good faith; and (b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.   50H X 0޽h ? thA9cf: 2 ___PPT10 .::[+vDv' = @B D1' = @BA?%,( < +O%,( < +Dh' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*X%(D' =-g6B fade*<3<*XD8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*X%(D' =-g6B fade*<3<*XD8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*X%(D' =-g6B fade*<3<*X+p+0+X0 ++0+X0 +Y" 0N0 w o   (    HM ?` B GOOD FAITH  DfA   fM1?,$0 w%To act honestly and without deception$& v2&  A   fXM1?p,$0 w%To act in a fair and equitable manner$& v2&  R   f'M1? ,$0 6To act without use of coercion, intimidation or threat$7 v27  K   f`M1?0 6 ,$0 /To comply with standards of decency and honesty$0 v20  [   fD6M1?I i ,$0 To act with honourable intent$ v2   +   fxAM1?  ,$0 aTo avoid deceit$ v2  8   fQM1?9,$0 nTo act with a lawful purpose$ v2  H  0޽h ? thA9cfrj___PPT10J.::[+?gD' = @B DQ' = @BA?%,( < +O%,( < +D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<* %(D' =-g6B fade*<3<* ++0+0 ++0+0 ++0+0 ++0+0 ++0+0 ++0+0 ++0+ 0 + 0N0 }p (  2  # l>? `   H, ?E  @ GOOD FAITH 8f  H  ? ,$0 =HONESTY2B  NDԔ?`,$D0  H ? ` ,$0 :CARE2B @ NDԔ?`pp,$D0  HM ?0 ,$0 ? DILIGENCE 2B  NDԔ?  ,$D0  HpI ?` ` ,$0 ;SKILL2B  NDԔ?  ,$D 0H  0޽h ? thA9cf___PPT10.::[+0D' = @B DM' = @BA?%,( < +O%,( < +D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<* %(D' =-g6B fade*<3<* D+' =4@BB BB%(D' =1:Bvisible*o3>+B#style.visibility<* %(D' =-g6B fade*<3<* D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<* %(D' =-g6B fade*<3<* D+' =4@BB BB%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D+' =4@BB BB%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D' =%(D' =%(D8' =A@BB BB0B%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*D+' =4@BB BB%(D' =1:Bvisible*o3>+B#style.visibility<*%(D' =-g6B fade*<3<*++0+ 0 ++0+ 0 ++0+0 ++0+0 + 0N0 UM(    Hx ?` B GOOD FAITH  Df  T fԔ8c?  ,$0 HPERSONAL LIABILITYD  N lU ?p,$0 IPROFESSIONAL ADVICE2  N5q ? e,$0 <WAIVER2  N ?P   ,$0 ? INSURANCE 2  N\  ?`  ,$0 ? 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