Central 1 Credit Union (“Central 1”) is pleased to announce that its members have passed a special resolution approving amendments to its Constitutions and Rules (“Rules”), three dues resolutions and a resolution re-appointing its auditors, at its Annual General and Special Meeting held on April 25, 2019 (the “Meeting").
In order to be approved, the special resolution was required to receive the approval of: (i) not less than 50% plus one of the Class “A” members voting on the resolution; and (ii) not less than 2/3 of the votes cast by Class “A” members voting on the resolution, on the basis of one vote per Class A share held.
Below are the voting results on the special resolution:
| Special Resolution | Outcome of the Vote | Votes cast by Class “A” Members on the basis of one vote per Class “A” share | Votes cast by Class “A” Members based on one member, one vote | ||||||
| Votes For |
Votes Against | Votes For |
Votes Against | ||||||
| Special Resolution 19-AGM-S-1 removes the provision in Central 1’s Rules requiring the appointment of, and mandating the composition of, the Legislative Committee. | Carried | 99.7% | 0.3% | 95.5% | 4.5% | ||||
At the Meeting, Class “A” Members approved, by ordinary resolution, the appointment of the auditors to hold office until the conclusion of the next annual general meeting of Central 1 at a remuneration to be set by Central 1’s board of directors, the 2019 operating dues, the 2019 flow-through dues and the 2019 government relations, marketing and research dues (flow-through).
Central 1 announced on March 4, 2019 that Bill Kiss was re-elected and Mary Falconer and Cheryl Wallace were elected to Central 1’s board of directors. Each re-elected and elected director was elected to a three-year term commencing at the conclusion of the 2019 annual general meeting and expiring at the conclusion of the 2022 annual general meeting. In addition, Meridian Credit Union Limited appointed Sunny Sodhi to Central 1’s board of directors, also for a term of three years commencing at the conclusion of the 2019 annual general meeting and expiring at the conclusion of the 2022 annual general meeting.
Central 1’s Board of Directors believes that the diversity of the newly elected and appointed directors contribute to a board that is diverse, including in background, skills, experience and gender, and reflects the diversity of the communities that Central 1 serves.
Effective at the conclusion of the Meeting, Central 1’s Board of Directors is composed of the following directors:
| Angela Kaiser | Bill Kiss |
| Blaize Reich | Cheryl Wallace |
| Jan O’Brien | Joel Lalonde |
| John Kortram | Launi Skinner |
| Mary Falconer | Penny-Lynn McPherson |
| Rick Hoevenaars | Rob Paterson |
| Rob Wellstood | Shelley McDade |
| Sunny Sodhi |
Also, on April 25, 2019, Bill Kiss and Rick Hoevenaars were re-elected as Board Chair and Vice-Chair, respectively, for a term of one (1) year.