{"id":5602,"date":"2023-02-22T09:30:00","date_gmt":"2023-02-22T14:30:00","guid":{"rendered":"https:\/\/www.coto.org\/?p=5602"},"modified":"2025-03-05T09:31:24","modified_gmt":"2025-03-05T14:31:24","slug":"january-26-2023-board-meeting-highlights","status":"publish","type":"post","link":"https:\/\/www.coto.org\/board-news\/january-26-2023-board-meeting-highlights\/","title":{"rendered":"January 26, 2023 Board Meeting Highlights"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>Registration Fees<\/strong><\/h2>\n\n\n\n<p>The Board approved the plan for increasing registration fees by up to 2% annually for a maximum of 5 years, commencing next year, for the 2024\/2025 registration year. For reference, a 1% increase to current fees would be $7.44 and a 2% increase would be $14.86.&nbsp;<strong>Registration renewal fees for the 2023\/2024 registration year remain unchanged.<\/strong><\/p>\n\n\n\n<p>The College last approved a registration fee increase 15 years ago, in 2007. The College must now increase revenue to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>sustain operations,<\/li>\n\n\n\n<li>keep up with the pace of the growing registrant base,<\/li>\n\n\n\n<li>fulfill its public protection mandate, and<\/li>\n\n\n\n<li>ensure it maintains the Canada Revenue Agency guidelines for unrestricted reserves.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Details of the requirements for reserves and further information regarding the proposed change are publicly available in the&nbsp;<a target=\"_blank\" href=\"https:\/\/web.archive.org\/web\/20250114105420\/https:\/\/www.coto.org\/docs\/default-source\/council-meeting-materials\/2023.01.26-board-meeting-package-wcoi.pdf?sfvrsn=55c337fd_3\/\" rel=\"noreferrer noopener\">January 26, 2023 Board meeting package<\/a>.<\/p>\n\n\n\n<p>A public consultation on the proposed change will be held in the spring.<\/p>\n\n\n\n<p>Learn more about the&nbsp;<a target=\"_blank\" href=\"https:\/\/web.archive.org\/web\/20250114105420\/https:\/\/www.coto.org\/registrants\/registration-services\/fees-and-tax-receipts\/understanding-college-fees\" rel=\"noreferrer noopener\">use of College fees<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-large-font-size\"><strong>Governance Reform<\/strong><\/h2>\n\n\n\n<p>In support of the ongoing commitment to governance modernization, the Board approved the following changes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>restructuring the electoral districts;<\/li>\n\n\n\n<li>establishing a Nominations Committee; and<\/li>\n\n\n\n<li>introducing committee composition requirements to reduce the the overlap between Board and statutory committees.<\/li>\n<\/ul>\n\n\n\n<p>Further information about the changes will be shared in the coming months.<\/p>\n\n\n\n<p>Learn more about&nbsp;<a href=\"https:\/\/web.archive.org\/web\/20250114105420\/https:\/\/www.coto.org\/about\/who-we-are\/board-overview\">governance and the College\u2019s Board of Directors<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Registration Fees The Board approved the plan for increasing registration fees by up to 2% annually for a maximum of 5 years, commencing next year, for the 2024\/2025 registration year. For reference, a 1% increase to current fees would be $7.44 and a 2% increase would be $14.86.&nbsp;Registration renewal fees for the 2023\/2024 registration year [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advanced_seo_description":"Read the College's January 26, 2023 Board meeting highlights.","jetpack_seo_html_title":"January 26, 2023 Board Meeting Highlights","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-5602","post","type-post","status-publish","format-standard","hentry","category-board-news"],"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/posts\/5602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/comments?post=5602"}],"version-history":[{"count":1,"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/posts\/5602\/revisions"}],"predecessor-version":[{"id":5603,"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/posts\/5602\/revisions\/5603"}],"wp:attachment":[{"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/media?parent=5602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/categories?post=5602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coto.org\/wp-json\/wp\/v2\/tags?post=5602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}