BPWCCUL By-Laws Review 2025 – FINAL VERSION 30 EXISTING BY-LAW PROPOSED CHANGE RATIONALE subsidiaries, and the provision of consultancy of any form, or service provision of any kind to the Society. d) a cooling off period of a minimum of three (3) years between an Officer ceasing to be a member of the Supervisory Committee, Credit Committee or Board of Directors and serving as an official paid advisor to the Supervisory Committee, Credit Committee or Board of Directors or any sub-committee of the Supervisory Committee, Credit Committee or Board of Directors. e) a cooling off period of a minimum of three years between serving on the Supervisory or Credit Committees of the Society. A former member of the Supervisory or Credit Committees is not eligible to be elected to the Board of Directors within a period of three (3) years of his or her ceasing to be a member of the Supervisory or Credit Committee. By-law 38(4) A person who has served two (2) consecutive terms as a Director or a member of the Credit or Supervisory Committee, shall not be eligible for election to elected office in the year of retirement. By-law 38(4) changed to By-law 38(5) By-law 38(5) A person who has served as Director or a member of the Credit or Supervisory Committee and who has already served for a period of twelve (12) years cumulatively shall retire and shall not be eligible for re-election to any elected office. By-law 38(6) No member shall serve more than twelve (12) years cumulatively as an elected official on the Board of Directors, Credit Committee or Supervisory Committee. Amended to simplify the language
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