Special Resolution 1: By-law Amendment – Terms of Office

SUBMITTED BY: Board of Directors

CONTACT:

Tim Ross
Director, Strategic Affairs
311 – 225 Metcalfe Street
Ottawa, ON K2P 1P9
Tel: 1-800-465-2752, ext. 222
Email: tross@chfcanada.coop

WE RESOLVE:

1. THAT Article 4.08 Re-election of Directors be deleted and replaced with the following:

4.08 Re-election of Directors

(a) No director may serve for more than two consecutive three-year terms, or be elected for more than six consecutive years.
(b) Director terms may not exceed three years each, except when a director has been appointed during the year immediately preceding their election to a first term, in which case, that term will be deemed to include the partial year of the appointment and the three years of their first term;

2. AND THAT Article 4.14 be amended to include:

Vacation of Office

(a) The office of a Director is vacated when the Director

(v) has reached the term limit as defined in Article 4.08 Re-election of Directors.

AGM Action:
Adopted as presented