top of page
< Back

Save this article  > 

Holiday Gifts or "Secret Commissions"?

Joy Mathews
Publication date:
January 19, 2018
Article Summary: 

This article discusses the practice of giving holiday gifts to employees and staff working for condominium corporations. It highlights the importance of acknowledging the efforts of outstanding employees and the positive impact it can have on loyalty and service. However, the article also warns about the potential risks of giving gifts, such as being accused of offering secret commissions, which is considered an offense under the Criminal Code. The article explains that transparency and full disclosure can help avoid any issues related to secret commissions. It suggests ways to manage the giving of gifts, such as documenting the decision in board meeting minutes, specifying the amounts allocated, and disclosing gifts in audited financial statements. Additionally, the article emphasizes the need to comply with new disclosure requirements under the New Act amendments and manage employee expectations regarding future holiday bonuses.


Holiday gifts, Secret commissions, Bribery, Condominium corporations, Board of Directors, Employee appreciation, Transparency, Full disclosure, Criminal Code, New Act amendments, Board meeting minutes, Audited financial statements, Mandatory director disclosure, Gift cards, Managing employee expectations, Loyalty, Service, Good governance, Employee bonuses.

Source Citation: 
Joy Mathews
Holiday Gifts or "Secret Commissions"?
January 19, 2018
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page