When you have an electric cooperative as your utility provider, you are a member-owner rather than a customer. As a valued member of CTEC, we ask for your participation in our annual meeting.
Each year, we look forward to bringing CTEC members together and sharing information about your co-op. Cooperatives follow democratic processes that allow each of their members to vote in board member elections, participate in policy making and influence the company they own by sharing their ideas and concerns. This upcoming annual meeting is no expectation.
This year at our annual meeting, your co-op will be voting in four board members, three of which will be new to the board as some district representatives have reached their maximum term limit. There are also proposed changes to our bylaws that need to be voted on by our member-owners. In order to conduct this business, a quorum needs to be established. A quorum is the minimum number of members that must be present to make the proceedings of that meeting valid.
We understand that not all our members will be able to attend the annual meeting in person, but that doesn’t mean you cannot participate in the business being conducted and help establish a quorum. If a member cannot attend the meeting in person, they can mail in a proxy. A proxy gives authority to the cooperative’s proxy committee to vote on the member’s behalf and counts toward the quorum total.
Sending in your proxy is easy. Look for the proxy card on the back of your August Texas Co-op Power issue. There is a pre-paid envelope located in the magazine to mail the proxy to our auditors. It is simple, but it is so important.
While using the proxy is a great way to be involved and participate, we still encourage in-person attendance. There is great discussion and questions from engaged members, information about the state of the co-op, a chance to meet with the board of directors and co-op staff and of course the door prizes.
At CTEC, many of us are your neighbors, and we look forward to seeing you at your annual meeting on Tuesday, August 20 at 7:00 p.m. at the Mason City Park.