Hello HCooperators One and All, I have initiated a vote on an amendment to the bylaws of HCoop Inc. If you are a member of HCoop, I urge you to vote on this resolution. Since there are currently 120 members, and the quorum for bylaws amendments is 20%, there must be 24 votes on this resolution for it to be binding.
Please log into the HCoop portal at https://members.hcoop.net/portal/poll?id=12 to vote on this resolution. You should be sure to read the entire language of the resolution, which is duplicated below, but here is a brief summary of the changes: 1. Introduces a delay of 45 days before new member's voting and ownership rights vest. This would make it easier to kick out rogue members early on and give new members a little time to learn about HCoop before they get involved with voting. 2. Increase the size of the board of directors from the present three to five. Four of them would serve for terms of two years, the fifth serving for a term of one year, with three of them being up for election each year. (The first year, only two of the five would be elected to two-year terms.) This increases the size of the board, reducing the concentration of power and responsibility and potentially allowing for more voices in setting HCoop policy. Please note that you may vote for Yes, No, or Abstain on this resolution. A vote of Abstain is effectively the same as a No vote under our bylaws. While I have proposed and urge passage of this measure, I do ask that even if you do not have a strong opinion on this measure, that you read it over, and if a quorum of 24 has not been attained, to at least vote Abstain so that a binding vote may be reached. The amendment will only pass if it is approved by a margin of two-thirds, which would be at least 16 Yes votes out of 24. In Solidarity, Nathan Kennedy Secretary, HCoop Inc. _______________________________________________ HCoop-Announce mailing list [email protected] https://lists.hcoop.net/listinfo/hcoop-announce
