Each year, the Board of Directors appoints a Nominating Committee who is responsible for ensuring the integrity and quality of the Director nomination and election process and for ensuring that candidates are well informed about the process. The Committee is also responsible to recommend to the Membership those candidates who are best qualified to serve Meridian as a Director in order to have a high performing Board.
The Application Period generally opens in November each year and runs until early January. The Nominating Committee may engage a recruitment firm to evaluate all applications received and recommend a short list of qualified candidates to the Nominating Committee for an interview in February.
After the interview process has been completed, the Committee makes a recommendation of the best qualified candidates to fill the required vacancies. Candidates are notified if they have been recommended and can determine if they want to stay on the ballot and participate in the election.
Meridian’s elections are conducted via electronic voting in April.
The successful candidates are announced at Meridian’s
Annual General Meeting each year in April. Nominations are not received from the floor, nor does any voting for Directors take place at the Annual General Meeting.
Meridian is committed to the highest standards of corporate governance. Meridian was recently the recipient of the Governance Professionals of Canada Excellence in Governance Award for the “Best Approach to Achieving Effective Board and Committee Operations.”
Successful Candidates are collaborative, community-minded, growth-oriented individuals with demonstrated leadership experience.
If you would like to obtain more information, please contact our Returning Officer, Sunny Sodhi at
returning.officer@meridiancu.ca