Resolution 2: By-law Amendment: Terms of Office

MOVED BY: Board of Directors

CONTACT:

Nick Sidor
Director, Corporate Affairs
311 – 225 Metcalfe Street
Ottawa, ON K2P 1P9
Tel: (800) 465-2752, ext.231
Email: nsidor@chfcanada.coop

WE RESOLVE:

THAT the first sentence of Article 4.06 Terms of Office, be deleted and the following be put in its place:
“Directors serve for a three-year term, beginning at the end of the Annual Meeting when the Director takes office and ending at the close of the third Annual Meeting after that.”;

AND THAT Article 4.08, Re-election of Directors, be deleted and the following be put in its place:
“No director may be elected for more than two consecutive three-year terms.”

AGM ACTION:
Adopted as presented