Recommendations of the Members By-Laws Review Committee 30 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) nominations set by the Committee in the applicable year; h) not compliant with the eligibility requirements set by the Act or any relevant regulatory guideline; i) disqualified the previous year for material noncompliance with the election guidelines; ELECTIONS By-law 36(1) 36. (1) Nominated members and their consent to nomination shall be established through the following procedures:- i. fourteen (14) days before the date set for elections a nomination in writing by not less than four (4) members shall be given to the Society proposing the member for election; and ii. the nomination must be accompanied by a letter of consent signed by that member confirming his willingness to be nominated as a candidate for the Board of Directors, the Credit Committee or the Supervisory Committee. By-law 36(1) Before a nominee can be accepted as a candidate by the Corporate Governance and Nomination Committee, nominated members and their consent to nomination shall be established through the following procedures: a. no more than two months after the posting of the notice of the call for nominations, a nomination in writing proposing the member for election and signed 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; Extends the nomination process giving a two-month window for nomination submission. Starts the count from the front end of the process rather than working back from the AGM date. By-law 36(1) Amend Corporate Governance and Nomination Committee to Nomination Committee. Otherwise Accepted as proposed By-law 36(1) Agree with recommendation.
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