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AGM

Annual General Meeting

The 2024 Annual Meeting for G.L.D.C. Gas Co-op Ltd.was held on May 8, 2024 at the Gas Co-op office located at 4402 54 Ave. Rimbey at 7:00 pm.

***    Details for the 2025 AGM will be posted and announced at a later date.  ***

The AGM is held in May of each year, unless otherwise posted.  The purpose of the meeting is for interested Members to hear the Auditor’s report on the previous fiscal year’s financial statements; as well as reports from the Board of Directors and Management on various facets of the Co-op’s operations. Come out and meet the Board of Directors, Management and staff.  The Staff will host a BBQ with the AGM to follow.

Each year there are 3 x 3-year Director’s terms open for election.  Directors are elected by way of vote from members i good standing and present at the AGM.

Nomination forms for the current year will be made available 60 days prior to the date of the AGM.  Nomination forms can be downloaded below.

A nominee must be a current member in good standing.  The Nomination Process and Board Qualifications can be reviewed below. 

 

Director Responsibilities

Director Responsibilities

  • Attend monthly Board meetings (evening)
  • Attend sub-committee meetings (daytime, scheduled as needed)
  • Attend the annual general meeting (May)
  • Sign an Official Oath and Code of Ethics
  • Uphold GLDC’s Mission and Vision Statements
  • Adhere to all Director requirements as per the Policy Manual and other guiding documents
  • Demonstrate competency with computers and email
  • Be a member in good standing

Please contact Management or the Board Chair for more information.

NOMINATION PROCESS

  1. Each member in good standing may nominate one candidate who is in good standing for an available position annually as outlined in the shareholders agreement and corporate bylaws.
  2. If a member is not in good standing, they will not have the right to be nominated or vote.
  3. Neither Management nor employees can nominate a candidate, but are eligible to vote, subject to the voting eligibility applicable to all members.
  4. Incumbent board members cannot nominate another board member. Incumbents must be nominated by a non-Board Member.
  5. Not more than 4 board members can be urban contract holders at the time of nomination.
  6. Nominees should have a good understanding of the skill and time expectations of a Gas Co-op Board Member. They must have adequate internet access, know how to operate email, fulfil attendance requirements at both committee and board meetings, know the importance of meeting material review, read the Code of Ethics and acknowledge understanding by signing-off on the policy.
  7. The call for nominations will be posted in the local paper, website, bill stuffer and quarterly newsletter at minimum 60 days prior to the AGM.
  8. The nominee will provide up to a one-page bio on why they believe their skills and experiences are best suited to represent the G.L.D.C. Gas Co-op as a Board member.
  9. The nominee applications must be submitted to the G.L.D.C. main office by the deadline indicated on the call for nominations (no less than 30 days prior to the AGM).
  10. Nominees shall attend the AGM, unless extenuating circumstances arise, at which time they will be officially excused by Board.
  11. Nominees will be asked to speak for up to 5 minutes on why they believe they are the best candidate to serve as a Board member of G.L.D.C. Gas Co-op Ltd.
  12. Nomination Review Committee: One (1) director from each Sub-Committee and Management will review all nomination applications within 1 week of the nomination application deadline.
  13. Supplemental Bylaw # 7 dated April 17, 2018 and Supplemental Bylaw # 8 dated September 13, 2021 are available for review upon request

BOARD QUALIFICATIONS

  1. Must be a member in good standing.
  2. A Board Director has a responsibility for supervising and overseeing management of the business and affairs of the G.L.D.C. Gas Co-op consistent with its powers and obligations under the Rural Gas Act (Alberta).
  3. Manage the business and affairs of the G.L.D.C. Gas Co-op.
  4. Act honestly and in good faith with a view to the best interests of the G.L.D.C. Gas Co-op.
  5. Exercise the care, diligence and skill that a reasonable person would exercise in comparable circumstances.
  6. The Board will fulfil its mandate primarily by carrying out the responsibilities and duties set forth in this Mandate.
  7. A Director should be experienced in Board governance and have demonstrated their abilities to work within a Board of Directors environment or must be open to and available for Governance Training if and when we are able to provide.
  8. Important skills would include good communication, strong inter-personal, analytical, strategic thinking, corporate financial knowledge and structure.
  9. Must possess fundamental computer skills.

                          NOMINATION FORMS WILL BE AVAILABLE MARCH 2025