Qualifications of directors (CNL s174)
45 Qualifications of directors (CNL s174)
A person is not qualified to be a director of the co-operative unless the person is an individual over the age of 18 years and is either:
an active member of the co-operative or a representative of a corporation that is an active member of the co-operative; or
not an active member but who possesses special skills in management or other technical areas of benefit to the co-operative as specified by the board from time to time.
A person qualified to be a director under subrule (1)
is known as a “member director”. A person qualified under subrule (1)
is known as a “non-member director”.
The board of directors must have a majority of member directors.
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