BPWCCUL By-Laws Review 2025 – FINAL VERSION 26 EXISTING BY-LAW PROPOSED CHANGE RATIONALE willingness to be nominated as a candidate for the Board of Directors, the Credit Committee or the Supervisory Committee. by not less than four (4) members in good standing shall be given to the Society; and b. the nomination must be accompanied by a letter of consent signed by that member confirming willingness to: i. be nominated and stand for election as a candidate for the Board of Directors, the Credit Committee or the Supervisory Committee; ii. comply with the provisions of the election guidelines as outlined in the Candidate Nomination Package; iii. declare all known conflicts of interest between the nominee and the Barbados Public Workers’ Cooperative Society Limited Group of Companies; iv. comply with the Act, Regulations, Regulator Guidelines and By-laws and all relevant laws, statutes and organisational policies. New By-law 36(2) 1) The Corporate Governance & Nomination Committee may reject a nominee from standing for election if the committee determines: a. the nominee does not meet the minimum standard expected for the position as published and detailed in the nomination guidelines; b. the information provided by the nominee as published and detailed in the nomination guidelines is incomplete, materially false, or misleading; or c. it can be established through documented evidence that the nominee’s intention to stand for election is not pursued in good faith, or is to cause harm or embarrassment to the Society. Expands on the responsibilities of members during the nomination process. Provides criteria for rejection and appeal of rejections.
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