The Education Credit Union 40th Annual General Meeting was
held on Tuesday, November 29, 2011 at the Concorida Club in Kitchener.
2011/2012
Board of Directors
(alphabetical order)
Amber Aird-Williams, CMA
(Finance Area Leader, Modatek Systems)
Michael Cook
(Retired Teacher)
Joseph Doherty
(CMA - Canadian General-Tower)
Catherine Hale
( Executive Assistant to the President
Waterloo North Hydro )
Bryan Kaufman
(Retired Teacher)
Jim Marshall
(IT - University of Waterloo)
Kenneth McPherson
(Retired - Canadian General-Tower)
Kevin Turner
(Partner, Rovin Farms)
2011 Annual General Meeting Documents
In order to save paper, the following documents are available
electronically, including a full copy of the new by-laws which were passed
at our 2011 AGM and a full copy of our audited financial statements.
Board of Director Elections
Being a director of a credit union is complex requiring eligible
individuals the opportunity to fully understand the roles and responsibilities
prior to standing for election at an AGM is imperative. It is also important
that the membership have advance notice of who is running for election to
the board and their qualification.
Persons who wish to run for a position on the Education Credit
Union board of directors must file their intent in writing no later than
30 days prior to the Annual General Meeting. Not less than 20 days prior
to the AGM a standardized bio of each candidate will be posted on the credit
union website. Members who wish to run for a position may contact a member
of the nominating committee or Melanie Mondoux, CEO.
Standardized Bio
Board of Director nominees must provide a signed Notice
of Intent to a member of the nominating committee or the CEO of the
Education Credit Union by 30 days prior to the meeting.
In addition, the nominee must submit a short bio, no longer
than 100 words, for publication on the website no later than 20 days prior
to the meeting. The bio should consist of the following:
- Relevant experience
- Current position/company/years
- Reason for seeking position
- Interest in advanced related training
- Any personal information
you would like to include
2012 Nominating
Committee
Members who are interested in more information regarding the
Board of Directors may contact:
Cathy Hale Email: hale272@rogers.com
Jim Marshall Email: marshall@ist.uwaterloo.ca
Kenneth MacPherson Email: pkmcpherson@execulink.com
Melanie Mondoux Email: melaniem@ecusolutions.com or
Telephone: 519.742.3500 x 2231
Director Responsibilities
The Education Credit Union Board of Directors
is elected by the credit union membership during the annual general meeting
(AGM) and reports to the general membership.
The responsibility of a director generally is to direct the
management of the business and affairs of the organization through its employees.
A director is not expected to become involved in the day to day operation
of the organization, but be able to objectively evaluate the competence of
management personnel and ensure that proper controls and procedures have
been designed, and put into operation, to reach the targets or goals established.
Committees
A formal committee structure exists to support and expedite
the work of the Board of Directors. Committees of the board are empowered
to review matters requiring specialized expertise, issue formal recommendations,
and in some cases, make decisions on behalf of the board. This allows the
credit union’s Board of Directors to optimize its time, and achieve
greater depth in its deliberations than would otherwise be possible.
Standing committee members are appointed on an annual basis,
with each committee consisting of a minimum of three (3) directors. The
Chair of each Committee is appointed by the Board.
Duties and Obligations
Education Credit Union Directors are ‘fiduciaries’ of
the organization they serve and are expected to fully participate in orientation
and development opportunities. They have an obligation to act honestly
and in good faith with a view to the best interest of the credit union, and
exercise the care, diligence and skill that a reasonably prudent person would
exercise in comparable circumstances.
Composition of Board and Term
The board consists of nine members, each elected for a maximum
term of three years. If a director should resign or be removed from
his or her position before their term of office has expired, the board can
appoint a temporary director from the credit union membership to fill the
vacated position until the next general meeting of the credit union. The
member elected to permanently replace the resigned/removed director will
complete the remainder of the term.
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