Recommendations of the Members By-Laws Review Committee 33 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) iii. manage the voting process and ensure that at the conclusion of voting for election to the Board of Directors, the Credit and Supervisory Committees that all ballot boxes are sealed in his presence; iv. receive and secure all remaining unused ballot books and ballot papers; v. manage the ballot counting process in the predesignated counting area; vi. manage the process for any additional voting required in the event of a tied vote; and vii. announce the results of the elections for the Board of Directors, Credit Committee and Supervisory Committee. (iii) manage the voting process and ensure that at the conclusion of voting for election to the Board of Directors, the Credit and Supervisory Committees that: a. all ballot boxes are sealed in his presence; b. all electronic voting is closed and no longer accessible to members. (vii) tally all ballots received, in a confidential manner, and announce the election results for the Board of Directors, Credit Committee and Supervisory Committee. voting was done, physical and electronic. TENURE OF OFFICE By-law 38(1) 38. (1) Each member of the Board of Directors, the Credit Committee and the Supervisory Committee shall hold office until his successor is elected or appointed and may be eligible for reelection. By-law 38(1) By-law 38(1) remains unchanged. By-law 38(1) No changes were recommended by the Committee. No need to change. By-law 38(2) TENURE OF OFFICE 38(2) Directors shall be elected at the Annual General Meeting and may hold office for two (2) consecutive terms of three (3) years each, before retiring for a minimum of one (1) year providing that at least three (3) members shall retire each year. By-law 38(2) Officers shall be elected at the Annual General Meeting and may hold office for two (2) consecutive terms of up to three (3) years each. (2) has been rewritten so that Directors and Committee Members are considered under one heading of Officers. By-law 38(2) Accepted as proposed. Agree with recommendation.
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