London Mutual Credit Union is a financial co-operative that exist for the benefits of our members. Because we’re member-led rather than shareholder led, we make decisions that focus on meeting the needs of our members and their communities.
Our AGM is your opportunity to have your say. It’s where you can vote for our board members and help with other key decisions that make a real difference to London Mutual and our members.
2018 AGM: the venue to be announced
You’re Voting rights:
Each Member of the Credit Union shall hold one vote only irrespective of the size of their Shareholding in the Credit Union or the number of accounts held. The right to vote by a Member shall be held by:
a. In the case of an individual Member; the individual
b. In the case of a partnership or an unincorporated association, the Designated Representative or partner
c. In the case of an incorporated body; the Corporate Representative
A Member of the Credit Union may not vote by proxy at a general meeting of the Credit Union. Postal voting may be used, at the discretion of the Board of Directors, as part of the procedure for the nomination and election of the Board of Directors, supervisory committee and the credit committee (if in existence) of the Credit Union.
Elections for the Board of Directors and supervisory committee of the Credit Union shall be conducted by secret ballot unless undertaken prior to the annual general meeting by postal vote. Except where otherwise specified in these Rules or law, all questions shall be resolved by a simple majority of votes cast.
A Member is able to exercise the right to speak and vote at a general meeting of the Credit Union and is deemed to be in attendance when they and all those attending the meeting are in a position to communicate with each other. The Directors may make whatever arrangements they consider appropriate to enable those attending a general meeting of the Credit Union to exercise their rights to speak or vote at it including by electronic means. In determining attendance at a meeting of the Credit Union, it is immaterial whether any two or more Members attending are in the same place as each other.