The annual general meeting will be held on Tuesday, March 26, 2019 at 7:00 PM.
Lithuanian Hall, 1573 Bloor St. W., Toronto.
Registration will commence at 6:30 PM.
67th Annual General Meeting Agenda
1. Opening Remarks
2. Reports of:
b) Chief Executive Officer
c) Audit Committee
3. Discussion of Reports
4. Appointment of Auditors
5. By-law Amendment
a) Increase in Director/Chair term limits1
a) One Director to fill vacancy from expiring term
Members are invited to join Parama's board members and personnel for a light snack immediately following the meeting.
Copies of the 2018 audited financial statements, reports of the Audit Committee and the Auditor, minutes from the 2018 AGM and copies of the By-law resolution will be available for inspection at the meeting and at the offices of the credit union 10 days prior to the AGM.
1 The proposed by-law change will increase in the maximum consecutive period that a director may serve, from 4 consecutive terms (no more than 12 consecutive years) to 18 consecutive years. The proposal also extends the maximum consecutive period term that the Chair may serve by six years. These changes will ensure that the credit union is best positioned to continue to address increasingly onerous director training and competency requirements, as and when term limits for existing board members are otherwise set to expire in 2020.