Qualifications of Directors

Qualifications

7.02 Qualifications
(a) No person shall become or continue as a director if that person:

(i) is not an individual;

(ii) is under 18 years of age;

(iii) is an individual who:

A. is a dependent adult as defined in the Dependent Adults Act or is the subject of a certificate of incapacity under that act;

B. is a formal patient as defined in the Mental Health Act;

C. is the subject of an order under the Mentally Incapacitated Persons Act (RSA 1970 c232) appointing a committee of the individual’s person or estate or both; or

D. has been found to be a person of unsound mind by a court elsewhere than in Alberta;

(iv) has the status of bankrupt;

(v) is an officer or employee of the Cooperative or a commission operator under contract with the Cooperative;

(vi) is an individual who is related to an employee of the Cooperative in any of the following ways:

A. spouse;
B. person living with the employee in an arrangement equivalent to spouse;
C. sibling;
D. child;
E. parent;
F. grandchild;
G. grandparent; or
H. spouse of any of the people listed in (C.) to (G.) inclusive; or

(vii) has an account with the Cooperative that is more than 60 days in arrears.

(b) No person shall be a director unless that person or an entity of which that person is an officer, director, or member:

(i) was a member of the Cooperative at the end of the last financial year of the Cooperative; and

(ii) purchased goods or services, or a combination of both, from the Cooperative during the last financial year of the Cooperative, worth the collective amount of at least $1,500.00.

(c) A person who is elected or appointed as a director is not a director unless:

(i) that person was present at the meeting when the election was held or appointment was made and did not refuse to act as a director; or

(ii) if that person was not present at the meeting when the election was held or appointment was made;

A. the person, before the election or appointment or within 10 days after it, consented in writing to act as a director; or

B. the person has acted as a director pursuant to the election or appointment.

Director Duties and Powers

The directors are responsible for establishing polices and directing the affairs of the co-operative to meet the goals and objectives of the members.