Held on Monday April 25th, 2022
Q: From the previous minutes, dated April 26, 2021, I see there was an election for the Board of Directors for a 3-year term. We have been requested, for the April 25, 2022 AGM, to cast ballots for the Board of Directors 3-year term positions. Please advise why there is voting occurring again for 3-year term positions, under a 3 year time span? How many members sit on the Board of Directors?
A: From The Police Credit Union By Laws;
Terms of office
Section 4.04 (a) Except where an election is held to fill the unexpired portion of a director's term or as otherwise specifically provided in this section, directors shall be elected or acclaimed for terms of three (3) years or until their successors in office are elected or appointed.
There are 7 Directors that sit on the Credit Union’s Board, all terms are for 3 years, a director may not serve more than five (5) consecutive terms or fifteen (15) consecutive years, whichever is greater;