Recommendations of the Members By-Laws Review Committee 32 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) appeal and supporting documentation as and if applicable. 4) A board decision to uphold the rejection of a nominee requires at least two thirds of the directors, excluding those participating in the elections, to vote in favour. The decision made by the board will be final. By-law 36(2) 36. (2) On receipt of a nomination referred to in By-Law 36 the Secretary shall at the time of publishing notice of a general meeting of members, include in the notice a statement that the member nominated has offered himself for election to the Board of Directors, the Credit Committee or the Supervisory Committee. By-law 36(2) No changes recommended by the Board. By-law 36(2) No changes were recommended by the Committee Since a new by-law 36(2) was created, this by-law 36(2) should be changed to by-law 36(3)]. No need to change. ELECTIONS By-law 37(1) 37. (1) The Board of Directors shall appoint a person 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. By-law 37(1) No changes. No changes. By-law 37(1) No changes were recommended by the Committee. No need to change. ELECTIONS By-law 37(2) 37. (2) The Chairman of Elections shall:- i. make any announcements of the withdrawal of candidates or the absence of candidates vying for the Board of Directors, the Credit Committee or the Supervisory Committee; ii. declare the voting process open; By-law 37(2)(i), (ii), (iv), (v) and (vi) remain unchanged. By-law 37(2) The Chairman of Elections shall: Expands the previous by-law to incorporates a process for closing of electronic forms of voting. Expands the previous point to include a tallying of ballots received in whatever format of By-law 37(2) Accepted as proposed. Agree with recommendation.
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