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Friday,  April 19, 2024 11:37 AM 

TICO hosting webinar on Sept. 12 to explain by-law changes

  • Other
  •   09-06-2023  4:21 am
  •   Pax Global Media

TICO hosting webinar on Sept. 12 to explain by-law changes
(Pax Global Media)
Pax Global Media

The Travel Industry Council of Ontario (TICO) is hosting a webinar next week about the restructuring orders it received from the province last month.

On August 11, Ontario’s Minister of Public and Business Service Delivery served five orders to TICO – Ontario’s travel industry regulator – to make changes to its governance structure.

The orders included instructions to decrease the number of TICO Board members from 11 to 9, to ensure no more than 34 per cent of Board members are drawn from the travel agent and travel wholesaler industry and to establish an industry advisory council, among other items.

Click here to view the advisory in more detail. 

READ MORE: Province orders changes to TICO’s Board composition; ACTA not surprised

TICO says it is making the necessary changes to its by-laws, and will give registrants and stakeholders an opportunity to ask questions at its upcoming webinar, which takes place on Tuesday, September 12, 2023, from 3-4 p.m.

To register for the by-law webinar, click here. To view a copy of the amended by-laws, click here.

READ MORE: TICO CEO Richard Smart addresses funding review in open letter

“While TICO’s existing Board structure has served the organization well for many years, this governance change brings added balance to the Board and reflects best-in-class governance practices,” said TICO’s CEO Richard Smart last month. “This change allows for a more diverse range of voices to actively contribute to TICO’s consumer protection mandate, while still ensuring the industry has a strong voice at the table.”

The update comes after the Association of Canadian Travel Agencies (ACTA) and the Canadian Association of Tour Operators (CATO), last month, withdrew their respective appointees from the TICO board out of frustration over the lack of transparency regarding the financial impact on TICO registrants.

TICO is currently undergoing the largest review of its funding framework and fee model since its inception.

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