The 2023 Code of Regulations Changes were approved by members at the June 13, 2023, Annual Meeting of members.
In May, cooperative members will be asked to consider and vote on five issues addressing various proposed changes to the North Central Electric Cooperative Code of Regulations. These changes were recommended by the Code of Regulations Committee and the co-op’s legal counsel and approved by the board for membership’s consideration.
View a complete list of issues members will vote on here.
WHY THESE UPDATES ARE NEEDED NOW
The intent of the proposed changes is to bring the document up to date and uphold governance best practices based on recommendations from our national organization, the National Rural Electric Cooperative Association (NRECA), and our statewide association, Ohio’s Electric Cooperatives (OEC). Similar Code of Regulations changes have been made by cooperatives throughout the nation.
A redline version of the Code of Regulations outlining all of the proposed changes is available for review at the link below.
AN EVOLVING GUIDE FOR THE OPERATION OF YOUR CO-OP
The Code of Regulations, also known as the cooperative’s bylaws, is considered a living document and should be reviewed and updated regularly to ensure it serves the needs of cooperative members and meets all applicable laws.
The Code of Regulations contains the rules under which the cooperative operates. It addresses key issues such as memberships, annual and special meetings, board nominations and elections, corporate officers, patronage, mergers, indemnification rights, and more.
WHEN TO VOTE
All NCE members will have the opportunity to vote beginning May 9. Paper ballots will be mailed to each member, however, online voting will be available and encouraged as the quickest and simplest way to cast your vote. Members will have until 11:59 p.m. on May 23 to cast their vote on the proposed Code of Regulations changes. Results of the voting will be announced at the NCE annual meeting on June 13.
If you choose to vote by mail, please use the prepaid envelope included with your ballot. Do not return your ballot with your monthly bill, or place it in the night drop at the NCE office. All balloting is completed by E Space Communications and Co-op Ballot, an independent, third-party election management service. Ballots delivered to the NCE office may not be deemed valid.
Additional information regarding the election and voting process will be delivered to members in the coming weeks.
To view the Code of Regulations in its entirety, please click here or visit: www.ncelec.org/membership-documents-forms
To view a redlined version of the code showing all of the proposed changes, please click here: 2023 Code Changes Redlined