At the 2022 Annual Meeting on Sept. 17, Little River Electric Cooperative members will be asked to vote on new bylaws proposed by the Board of Trustees. The new bylaws will establish best practices in service to members and provide substantial financial savings for the cooperative and members going forward.
The full statement of proposed new bylaws will be published in the August issue of South Carolina Living. Little River Electric respectfully asks its members to consider and adopt its re-stated bylaws.
Highlights of the proposed new bylaws include the following:
- Satisfying mandatory redistricting requirements under current bylaws to provide fairness through adjustment of substantial imbalances that have developed among the districts.
- When fully implemented, and through attrition, reducing the number of Trustees from 10 to 7, consistent with prevailing industry practice in the state. This change is calculated to save the cooperative more than $30,000 every year, helping to keep rates low for all members. Every Trustee unanimously supports this important cost-saving proposal, and we ask for your support, too. See the current and proposed board districts maps below.
- Providing better definitions for “Membership Eligibility,” clarity around the process for Membership Application and the terms of Membership, and addressing important topics like death and divorce among joint members.
- Implementing best practices for:
- Trustee qualifications to ensure quality representation.
- Trustee compensation to ensure integrity in the governance.
- Defining the proper governance role of the board.
- Improving the Credential and Elections Committee process to ensure election integrity and member control.
- Providing better definitions and procedures for member Capital Credits.
- Providing other updates for the latest legal compliance and practical use.
Look for additional information regarding the proposed new bylaws and details about the 2022 Annual Meeting in the August edition of the magazine.
