Recommendations of the Members By-Laws Review Committee 27 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) All elections shall be by ballot and shall be determined by a majority vote except where there is no contest or in accordance with the provisions of the Act. By-law 35(2) 35(2) In the event that there is an insufficient number of persons who have been pre-nominated to fill the vacancies on the Board, Credit Committee or the Supervisory Committee, nominations may be accepted from the floor. By-Law 35(2) changed to By-law (35(3) By-law 35(3) In the event that the number of persons who have been prenominated to fill the vacancies on the Board, Credit Committee or the Supervisory Committee is: a) equal to the number of vacant positions, the candidate(s) will be declared elected by acclamation. b) less than the number of vacant positions, the candidate(s) will be declared elected by acclamation, and the remaining vacant position(s) will be filled in accordance with the Act. To remove the option of filling vacancies from the floor. By-Law 35(2) changed to Bylaw (35(3) By-Law 35 (3) (a) accepted as proposed. By-Law 35(3) (b) Amend to state: (b) less than the number of vacant positions, the candidate(s) will be declared elected by acclamation, and the remaining vacant position(s) will be filled either by i a two-thirds vote of an extraordinary meeting of the Board, Supervisory, and Credit Committees from candidates previously approved for office. By-law (35(3)(a) Agree with recommendation. By-Law 35(3) (b) To ensure that all positions are filled by approved candidates.
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