| Title: | DCU |
| Notice: | 1996 BoD Election results in 1004 |
| Moderator: | CPEEDY::BRADLEY |
| Created: | Sat Feb 07 1987 |
| Last Modified: | Fri Jun 06 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1041 |
| Total number of notes: | 18759 |
The decision has been made to hold a new election. However, three board positions are expiring at the end of this month (correct?) In other words, Phil, Lisa and Paul are no longer board members of DEFCU as of 2 years from when they started. Or are they? It seems to me that clarification is needed on this issue. What happens when a term expires and there is no one elected to fill it. If this covered in the Bylaws? Does the Board work short-handed for a while? What about the candidates (and they were all candidates in this election) who did nothing wrong and are penalized from being on the Board because of these "improprieties" when they were going to be elected? Seems like a can of worms to me. Collis
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 821.1 | status quo | CVG::THOMPSON | An AlphaGeneration Noter | Wed Apr 27 1994 14:05 | 21 |
From the by laws as posted in topic 3.
>Section 2. Regular terms of office for directors shall be
>for periods of either 2 or 3 years as the board shall
>determine: Provided, however, That all regular terms shall
>be for the same number of years and until the election and
>qualification of successors. The regular terms shall be so
>fixed at the beginning, or upon any increase or decrease in
>the number of directors, that approximately an equal number
>of regular terms shall expire at each annual meeting.
Note the phrase "and until the election and qualification of
successors." This is fairly standard boilerplate and is designed to
cover situations where an election is delayed or other "bad things"
happen. So I believe that sitting members of the Board hold onto
their seats until the Annual Meeting. Now if the seats were
declared vacant the remaining members of the Board could appoint
replacements. I'd just as soon see people stay where they are for
right now.
Alfred
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| 821.2 | TOOK::DELBALSO | I (spade) my (dog face) | Wed Apr 27 1994 14:32 | 8 | |
re: .-1, Alfred > I'd just as soon see people stay where they are for right now. Yes. Given the makeup of the remaining board, I'm sure we'd end up with some jim-dandy appointments if it came to that. -Jack | |||||
| 821.3 | PACKED::COLLIS::JACKSON | Live freed or live a slave to sin | Wed Apr 27 1994 14:56 | 4 | |
Thanks, Alfred, for doing a little bit of legwork for me. I'm glad the Bylaws deal with this. Collis | |||||