The Annual General Meeting is an opportunity for all DFC members to exercise their democratic right to vote on issues that are presented during the business meeting, as well as to elect the members of the Board of Directors.
Every paid registrant who has paid the $2 membership fee (effective 2021) has the right to vote at the AGM, even if there is more than one delegate from the same credit union or caisse populaire present. There is no additional cost to attend the AGM.
Scroll down for more information on this year's AGM!
& FSRA Presentation
This year's AGM was held virtually via Zoom on Wednesday, November 16, 2022. The AGM Package was shared with the membership and registrants in advance.
The membership approved the exemption of the
Directors’ Forum Co-operative from appointing auditors for the 2023 financial year. They also approved a By-Law amendment expanding the co-operative's membership qualifications to include current and/or past members of a credit union, caisse populaire, mutual, and/or co-operative board of directors in Canada.
There were two seats available on the Board of Directors, as the terms for both Leo Racette and Ken Chan were up. The Board received exactly two nominations and therefore, Leo Racette (Sudbury Credit Union) and Daniel McCoy (Northern Credit Union), were acclaimed.
The Board bid farewell to retiring Director Ken Chan, who served on the Executive and Board since 2019, and thanked him for his commitment to director education and contributions to the Board and the DFC's mission.
Immediately following the business meeting, we were joined by Mark White, CEO and Mehrdad Rastan, Executive Vice President, Credit Union & Insurance Prudential, of the Financial Services Regulatory Authority of Ontario. Mark and Mehrdad shared their views on the principles-based scenario and the recovery plan, among other important issues relevant to credit unions. The delegations greatly appreciated their participation and the dialogue that took place. A copy of their PowerPoint presentation is available here.