For bylaw changes, members authorized the board to correct bylaw wording that previously left four board seats unfilled for about six weeks between the Co-op annual meeting and the following month’s board meeting. Now, a board of 12 directors shall serve three-year staggered terms so that the regular terms of four directors expire at the start of the first regular board meeting following each election.
Co-op members also approved the board’s recommended change to the Class B share component of patronage. Any newly issued Co-op Class B shares will now feature a fixed maturity date. This change also allows for the redemption of existing Class B shares and the issuance of new Class B shares with a fixed maturity date. Co-op members who currently hold previously issued Class B shares have five years from the date the bylaw amendment was adopted (April 30, 2017) to exchange old Class B shares for new ones.
Finally, Hanover Co-op voters endorsed a new process whereby any member may easily seek to be a candidate for the board of directors. The Co-op board will establish an Election Committee to standardize the work of encouraging members to become candidates, informing membership about candidates and organizing the election. The new Election Committee will not reject candidates. Instead, the committee and the board will count on an informed membership to pick the right candidates. All new board members will still need to pass the states’ background checks.
CANDIDATES: TOTAL VOTES
Benoit Roisin, Croydon, New Hampshire: 582
Elizabeth Blum, Norwich, Vermont: 573
Thomas Battles, Lebanon, New Hampshire: 551
Ann Shriver Sargent, Norwich, Vermont: 536
Don Kreis, Concord, New Hampshire: 501
TOTAL VOTERS: 771
YES: 669 (86.8% of voters)
EXPIRATION OF TERMS and BOARD CANDIDACY/NOMINATIONS:
YES: 634 (82.2%)