BPWCCUL By-Laws Review 2025 – FINAL VERSION 39 EXISTING BY-LAW PROPOSED CHANGE RATIONALE By-law 52 The Internal Auditor shall only be disciplined or dismissed on the majority vote of each elected Committee. By-law 52 The Internal Auditor shall only be disciplined or dismissed on a two thirds majority vote of the Supervisory Committee. Amended to give the Supervisory Committee the authority to discipline or dismiss the Internal Auditor. CREDIT COMMITTEE CREDIT COMMITTEE By-law 53(1) The Credit Committee shall consist of three (3) members, none of whom shall be a member of the Board, the Supervisory Committee or an officer or employee of the Society. By-law 53(1) The Credit Committee shall consist of five (5) members, none of whom shall be a member of the Board, the Supervisory Committee or an officer or employee of the Society. Amended to increase the number of committee members By-law 53(2) Any member of the Credit Committee shall in addition to By-Law 41, be deemed to have vacated his office if he fails to perform any of the duties allotted to him as a member of the Committee pursuant to sections 206 and 209 of the Act, regulations or By-Laws. By-law 53(2): No changes By-law 53(3) Any vacancy on the Committee shall be filled by the Board, but such member shall hold office only until the next Annual General Meeting, at which a member shall be elected to fill the vacancy for the unexpired term. By-law 53(3): No changes
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