FUNdamentals of Governance – Board of Directors
Board composition is a cornerstone of strong governance, balancing expertise, independence, and oversight.
This quiz explores the key elements that determine who serves on a board and how their collective structure supports organizational integrity. It also prepares you for the upcoming Board of Directors election, which will take place at LSTAR's Annual General Meeting (AGM) on June 23, 2026.
Do you know how the Board of Directors is structured? Take this quick four-question quiz to find out!
What positions are acclaimed or appointed? Choose all that apply.
The new Chair is the Chair-Elect from the previous year, the Past Chair is the Chair from the previous year, and the Commercial Director is appointed by the Board of Directors.
What is the minimum number of Salespersons and Brokers of Record required on the Board of Directors?
LSTAR Bylaws - Section 6 - Board of Directors
6.1 - Composition of the Board of Directors
(c) Seven (7) individuals who are elected by the membership, acclaimed or appointed in accordance with this Bylaw and LSTAR Policies.
6.2 - Restrictions on Composition
(a) The Board of Directors shall include at least three (3) Directors who are Brokers of Record and three (3) Directors who are Salespersons or Brokers.
(b) If possible, the composition of the Board set out in 6.1 shall include a Director as recorded on the LSTAR membership management system, who is on the roster of a Brokerage or a Branch office with a physical address in St. Thomas, Ontario.
How long is a term for a Director?
LSTAR Bylaws - Section 6 - Board of Directors
6.6 - Terms of Office
All Director terms are two (2) years from the date they take office.
How many votes is each member permitted?
LSTAR Bylaws - Section 6 - Board of Directors
6.8 - Election of Directors
(a) Director elections shall be held each year, at the Annual Meeting.
(b) Each Member in Good Standing is entitled to carry one vote at the Director election.
To qualify for election as a Director, what qualifications must one possess?
LSTAR Bylaws - Section 6 - Board of Directors
6.3 - Qualifications of Directors
To qualify for election as a Director and throughout each Director’s term, the person must:
(a) Not be disqualified by virtue of ONCA.
(b) Be an Individual Member, who has been in Good Standing, for the 12 months leading up to and including the election date, being the AGM.
(c) A new Individual Member who has transferred from another local real estate association to LSTAR shall also qualify, provided they were in Good Standing with their previous association for the 12 months leading up to and including the election date, being the AGM.
(d) Not have been convicted of a criminal offence involving fraud or moral turpitude.
(e) Have the qualifications established by the Board of Directors for Director candidates from time to time, based on skill sets relevant to the competent stewardship of LSTAR; and,
(f) If elected/acclaimed/appointed, complete the leadership courses as set out in LSTAR Policy, within 90 calendar days.
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There’s some opportunity to strengthen your understanding of LSTAR's governance.
We've created a series of short animated videos explaining the FUNdamentals of Governance to support continued learning and to enhance your understanding of the Governance process.
You got {number correct}/{number of questions} correct answers
You've done a fantastic job on the quiz! You really know your stuff when it comes to LSTAR's Board of Directors.
We encourage you to watch our series of short animated videos explaining the FUNdamentals of Governance to enhance your understanding of the Governance process at LSTAR.
