Recommendations of the Members By-Laws Review Committee 24 Current By-Laws (January 2023) (A) Board’s Proposed Change (B) Board’s Rationale (C) By-Law Committee’s Recommendation (D) By-Law Committee’s Rationale (E) appoint a Credentials Committee of three (3) persons who are not nominees for any vacancy; b. The Credentials Committee shall: (i) receive all nominations; (ii) ensure that all nominees are qualified pursuant to the Act, the regulations and the By-laws; and (iii) ensure that all nominees have consented to the nomination. c. The Credentials Committee shall present all valid nominations at the Annual General Meeting, for the vacancies for which elections are to be held; d. All elections shall be by ballot. (2) In keeping with Act, Regulations and Regulator Guidelines, the Corporate Governance & Nomination Committee shall: a) review the election guidelines and the process for appealing decisions regarding the rejection of nominations and disqualifications; b) ensure the election and guidelines are available to members; c) by February 1 each year, issue a call to members setting out such vacancies as may be arising on the Board of Directors, Supervisory or Credit Committees. Such notice shall remain open for not less than two months. d) publish all relevant information regarding candidates in order to facilitate members casting their votes at the designated time e) receive and review all nominations, ensuring that all nominees have consented to the nomination and that all nominees are qualified pursuant to the Act, Regulations, Regulator Guidelines and By-laws following which the committee shall issue within one month of the close of the nominations, an update to all applicants on the status of their application; f) present all valid nominations at the Annual General Meeting, for the vacancies for which elections are to be held; g) recommend, for approval by the Board, an election official who is not a member of the Board, the Credit Committee or the Supervisory Committee nor a candidate for any vacancy, to chair the elections. Supervisory Committee in accordance with the Cooperative Societies Act, Regulations and Guidelines and these By-laws. (2) In keeping with Act, Regulations and Regulator Guidelines, the Nomination Committee shall: (a) review the election guidelines and the process for appealing decisions regarding the rejection of nominations and disqualifications; (b) ensure the election and guidelines are available to members; (c) by February 1 each year, issue a call to members setting out such vacancies as may be arising on the Board of Directors, Supervisory or Credit Committees. Such notice shall remain open for not less than two months. (d) shall publish all relevant information regarding candidates in order to
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