Candidate Nomination information booklet for Elected Officials - Revised May 2024 | BPWCCUL 8 By-laws Related to the Board of Directors (Section 32 (1)) Subject to the provisions of the Act, the general direction and management of the Society shall be entrusted to a Board of Directors consisting of nine (9) members . Five (5) shall form a quorum . (Section 34 (1)) The Directors shall be elected at the Annual General Meeting of the Society in each year as herein provided . Every election shall be by ballot except where there is no contest . No member may be elected to the Board of Directors unless he holds twenty-four (24) fully paid shares in the Society and has been a member for at least six (6) months . (Section 38 (2)) Directors shall be elected at the Annual General Meeting and may hold office for two (2) consecutive terms of three (3) years each, before retiring for a minimum of one (1) year, provided that at least three (3) members shall retire each year . (Section 39 (1)) Where persons are to be elected for varying terms, the member receiving the highest number of votes cast, is to be declared elected for the longest or longer term as the case may be . Responsibilities of the Supervisory Committee under the Co-operative Societies Act, CAP. 378A (Section 216) 1) The Supervisory Committee shall meet at least once every three (3) months, and, where no auditor has been appointed pursuant to section 215(2), shall meet at least every month, and shall at each such meeting examine the affairs of the Credit Union . 2) The Supervisory Committee shall keep minutes of its meetings and shall, a) within seven (7) days of each meeting report the results thereof in writing to the Board of Directors; and b) submit a written report to the Annual General Meeting of the members of the Credit Union . Responsibilities of the Supervisory Committee under the Co-operative Societies Regulations, 2008 (Section 17) For the purposes of section 212 of the Act and subject to the Act and by-laws, the Supervisory Committee of a society shall: a) appraise the policies and operating procedures of the society and make recommendations to the Board of Directors and to the Credit Committee; b) attest to the monthly returns filed in compliance with section 127(2) of the Act; c) receive and investigate any complaints made by members of the society about the management of the society; d) monitor the management of the society; e) ensure that the society complies with the provisions of the Act, these Regulations and the by-laws; and f ) verify the assets of the society and monitor whether the assets are properly protected . Duties of the Supervisory Committee under the Co-operative Societies Act, CAP. 378A (Section 212) The Supervisory Committee shall examine the books of the Credit Union, confirm the cash instruments, property and securities of the Credit Union and confirm the deposits of the members and perform such other duties as are prescribed by this Act, the regulations and the by-laws of the Credit Union .
RkJQdWJsaXNoZXIy MTA2MDM=