Showing posts with label Democracy. Show all posts
Showing posts with label Democracy. Show all posts

Thursday, April 25, 2019

MEC Election: Why I'm voting for Steve Jones

We Mountain Equipment Co-op members are voting from now through May 23 to elect 3 directors. I'm voting for Steve Jones because he pushes strongly to restore democratic member control, which the incumbent board has been undermining for several years now – see:
I'm also voting for:
- Tamara Paton: "I want MEC – and our Board – to feel less corporate and more co-operative."; and
- Robert Henderson: "I’m a nature lover with 6 years of board experience in large stakeholder-driven organizations."

Vote now through May 23: https://elections.mec.ca/vote/

Tuesday, May 2, 2017

MEC Election: Why I'm voting for Steve Jones

We Mountain Equipment Co-op members are voting from now through May 25 to elect 3 directors. I'm voting for Steve Jones because he pushes strongly to restore democratic member control, which the incumbent board has been undermining for several years now – see:
I'm also voting for:
- Patricia Eagar, the only female candidate not recommended by the incumbent board; and
- Bob Brent, who advocates change in the election system.

Vote now through May 25: elections.mec.ca/vote/#candidates/13


Tuesday, September 6, 2016

How Canada Can Support Serious Journalism

Today I submitted this 3-page comment letter [updated version 2016-10-04] with a policy proposal to let Canadian voters allocate public funding to competing journalist teams. This would support more public interest journalism such as election coverage and watching out for corruption in government. I recommend testing it in municipal politics before implementing it nationally. Canada's federal government has commissioned a study and report on this topic from the Public Policy Forum.

Quote:
It's not that people don't understand the need for [public interest journalism]. We just need an incentive-compatible way to pay for it.

Relevant links:

Friday, September 18, 2015

Revise the BC Credit Union Act to Reclaim Member Democracy

British Columbia's Credit Union Incorporation Act gets reviewed every 10 years, along with the Financial Institutions Act. That time has come, so the review process was launched on June 2, 2015.

It's an important opportunity to improve credit union governance. On this blog I have advocated for reviving democratic member control, to reduce the risks and costs of self-serving behaviour by insiders -- credit union boards and their payees (senior staff, consultants etc) -- with Coast Capital and Vancity as specific examples.

So I've submitted this comment letter on the legislative review. My main recommendation is to require each credit union to host a year-round online member forum to facilitate member sharing of information -- mainly to reduce board control of voter info during director elections. See also this comment letter by Bruce Batchelor, who advocates a wider range of democratic reforms.

As I highlighted in my similar comment letter to FICOM in 2013:
It is natural for directors and their payees to say: "To improve governance, we should give more power to directors." But instead, we should strengthen our democratic checks and balances. Self-serving behaviour is natural for humans, as it is for foxes, so I mean no offence to either when I say: Please don't let the foxes design the hen house.
Fortunately, this time the deputy minister has warned that they "may" publish comment submissions on the Ministry of Finance website. That would be a great way of exposing insiders' recommendations to the sunlight of public scrutiny.

Watch out for comments that advocate weakening credit union members' right to submit resolutions to a vote. There's a striking contrast between the BC Credit Union Act (Section 77) and the BC Co-op Act. The CU Act guarantees that with 300 member signatures, a resolution must be submitted to a vote of all members even if the board opposes it. The Co-op Act has no such guarantee.

Then contrast what has happened with members' resolutions at Coast Capital CU versus at Mountain Equipment Co-op (MEC). When Coast Capital members found out that their board had raised its own pay to more than double the Vancity CU board's pay, they put a resolution on the ballot and passed it by a 79% majority, against the board's advice to vote no. At MEC however, the board persuaded members to approve a rules change "modernization" that included (if you click through to read the details) letting the board reject any member resolution for any reason. The existing CU Act prevents boards from pulling that one.

Wednesday, September 16, 2015

#CIRAelection: Why I'm voting for Moll, Geist, Sandiford and maybe Finckelstein

The Canadian Internet Registration Authority (CIRA) is holding its annual board election. I'm voting for these candidates:
Members' Slate:
- Marita Moll

Nomination Committee Slate:
- Michael Geist
- Bill Sandiford
- Konrad von Finckelstein (maybe?)
If you're a CIRA member, you can vote Sept 16 - 23 (deadline: noon Pacific time Sept 23). You'll need your Voter ID and PIN from the email CIRA sent you today (Sept 16). Anyone with a .ca domain can join CIRA for free at cira.ca/membership and vote next year.

How I choose who to vote for:

My research is not very deep, but there seems to be a lack of candidate assessments available online, so I'm trying to help fill that gap.

I try to guess which candidates are more likely to advocate in the broad public interest, rather than for the interests of industry or themselves or their friends. I also look for some knowledge of internet issues, including privacy, technology, security, economics, business, politics etc.

My sources include the candidates' statements and résumés (linked from cira.ca/election), the election campaign forum, perspectives from OpenMedia.ca (internet public interest advocacy organization), a former CIRA board member, and various others.

I'm uncertain about my third choice on the nom-com slate. Konrad von Finckelstein is former chair of the CRTC, so has a wealth of relevant experience. Could he be too much of an insider? Hard to guess. Here are two perspectives on him, pro and con:

Pro -- openmedia.ca/node/3548

Con -- rabble.ca/blogs/bloggers/openmediaca/2014/07/has-crtc-really-changed-will-they-listen-to-canadians-or-telecom-

What do you think? Comments welcomed! 

How to improve CIRA's election process:

There is not enough voter engagement, nor enough sources of insightful assessments of the candidates. I have recommended various improvements to CIRA, so instead of repeating them I'll link to them:

1. The latter half of this blog post.

2. The paper We Want Our Co-ops Back.

Friday, March 20, 2015

@MEC ramps up suppression of member #democracy

Is Mountain Equipment "Co-op" still a co-op?

Co-ops are democratic organizations controlled by their members (see fundamental principles of co-ops). Look at the evidence that MEC has become an undemocratic organization controlled by its entrenched board:

In 2012, the board persuaded unsuspecting MEC members to give it the power to disqualify any member from running in board elections. Supposedly this was to improve the quality of candidates, but that excuse can easily be used to eliminate candidates that challenge the board.

In 2013, the board used that power to prevent former MEC board member Anders Ourom from running. It's notable that in 2015, when Anders did not put his name forward to run, board experience is now considered sufficient to qualify: "...the minimum qualifications (experience sitting on a board or ...)".

In 2014, 27 MEC members wanted to run in the board election. The board blocked 2 of them, and the board chair claimed that this power increased the board's accountability to members (on page 2 of the minutes).

This year, 23 MEC members wanted to run, and the board blocked 7 of them.

As the notoriously corrupt Boss Tweed used to say: “I don't care who does the electing, so long as I get to do the nominating.”

With such a censored ballot, it's no wonder that MEC's voter turnout remains below 1/10 of 1%. Russell Brand was right on target in this video: “It's not that I'm not voting out of apathy. I'm not voting out of absolute indifference and weariness and exhaustion from the lies, treachery, deceit of the political class”.


Of course, Russell was talking about UK national politics. But don't look to MEC for democratic governance.

Friday, April 25, 2014

@MEC pretends to be a #democracy -- AGM report

Mountain Equipment Cooperative announced its director election results at the 2014 Annual General Meeting yesterday (April 24). While claiming to be improving the election process, the incumbent board now exercises great control over who gets elected. Not only do they put their candidate recommendations on the ballot, but they also prevent some candidates from being on the ballot at all.

For this year's election to fill 4 director seats, the board recommended these 8 candidates:
Ellen Pekeles
Dale Mills
Gord Howe
Doug Brownridge
Daniel Blanche
Tamara Paton
Jonathan Gallo
Bill Gibson
They also allowed onto the ballot these 6 candidates, whom they did not recommend:
Jake Burlet
Pat Maher
Stephanie Bird
Bob Brent
Alex Beaskow
Tom Webb
These 4 were announced at the AGM as having been elected:
Ellen Pekeles
Tamara Paton
Jonathan Gallo
Daniel Blanche
As you can see, only "recommended" candidates were elected. I've documented elsewhere how boards can and do use on-ballot recommendations to ensure that the only candidates who get elected are those that do not challenge the incumbent board. This reduces the board's accountability to members, which opens the door to corruption.

The board chair claimed at the AGM that these recent election rule changes are "good governance" recommended by "experts". The "expert" he cited is often hired and paid by boards, and often gives advice to increase boards' power. I emphasized the obvious self-serving bias in a letter to FICOM, the regulator for B.C. credit unions: It is natural for directors and their payees to say: "To improve governance, we should give more power to directors."

But the MEC board has gone much further than the credit unions I wrote to FICOM about. As we saw last year, they used their new power to prevent a highly qualified candidate from even getting onto the ballot. So we only get to choose among candidates who don't rock their boat.

I thank Melissa Fong for sharing this quote from Noam Chomsky in a recent tweet:
"The smart way to keep people passive and obedient is to strictly limit the spectrum of opinion, but allow very lively debate within that spectrum."
One of the fundamental principles of co-ops is: "Co-operatives are democratic organizations controlled by their members". Which raises the question:
Is MEC a co-op?

Sunday, December 29, 2013

Why I joined the @Liberal_Party of #Canada #LPC

I'm a swing voter. At various times, I have voted Conservative, Liberal, NDP, and Green. We swing voters keep politicians on their toes, competing with each other to serve the public interest (or at least to present themselves that way). No party can take our votes for granted.

So I had never joined a political party in my life. Until this year. Why the change?

Democratic competition is essential for making elected leaders accountable to voters. But even though our political systems feature electoral competition, that doesn't seem effective enough to keep our leaders and governments loyal to the public interest. Corruption of varying degrees seems pervasive and persistent, from the Liberals' sponsorship scandal ten years ago to the Conservatives' senate expenses scandal now.

Solving this problem has been my main occupation for the past 17 years, focusing first on corporations (where shareowners elect directors), then broadening to include democracies. As a financial economist, my main contribution is to design a system for voters to pay information providers (such as journalists), creating stronger incentives for journalists to serve the interests of a voter community. Successful tests of this system are reported in the paper Experiments in Voter Funded Media.

Designing a solution is one thing. Getting it implemented is quite another. Those in power are naturally reluctant to shift power from themselves to voters (which is what happens when voters become better informed). So it is difficult to change the system from the outside.

When a friend whom I respect asked me to help him run for election as a Liberal member of Canada's parliament, I soon agreed to do so, but did not commit to any specific type of help. It was only later, as I tried to understand the current dynamics of Canadian federal politics, that I saw a potential alignment of my public interest reform work with joining the Liberal Party of Canada (LPC) myself.

To regain Canadian voters' trust after the sponsorship scandal, the LPC needs to show they (we) are serious about reducing corruption and strengthening accountability. We also need to propose some innovative policy ideas to distinguish ourselves from the other parties (e.g. see this perspective in the Globe & Mail). A new internet-based voter information and engagement strategy could help fulfill these needs.

There are other reasons why the centrist LPC may fit my political orientation better than other parties. I was fortunate to grow up in a home where both my parents cared about politics and public policy. Best of all was their wide range of views, since Mom was NDP while Dad was Conservative. (And they stayed married for life!) I learned to appreciate that there are intelligent people in all our major political parties who are sincerely trying to serve the public interest. I see them all as colleagues in that endeavour.

The issue of democratic accountability can appeal to voters across the political spectrum. A centrist party may be in the best position to attract swing voters from other parties by taking the lead on such an issue.

Of course, voters and party members must try to ensure that an elected party actually delivers on its campaign platform. Backsliding has long been the norm:
"As soon as the new leaders have attained their ends, as soon as they have succeeded (in the name of the injured rights of the anonymous masses) in overthrowing the odious tyranny of their predecessors and in attaining to power in their turn, we see them undergo a transformation which renders them in every respect similar to the dethroned tyrants. Such metamorphoses as these are plainly recorded throughout history." (Michels [1911] p. 114)
When I quoted the above passage last year in a paper We Want Our Co-ops Back (p. 11), I added:
"Therefore in addition to supporting challengers, it is even more important to change a co-op's rules in ways that strengthen a competitive democracy, and reduce the entrenchment of the current leaders. Ideally, we members would like to elect directors that will help implement such reforms. So we should push candidates toward platforms that include reform, and hold them accountable to their promises."
As Lawrence Lessig said eloquently in his February 2013 TED talk (about 11 minutes in): It's not that democratic reform is the most important issue. But it's the first issue -- the one we need to solve in order to solve the more important issues like environmental policy. Although money-driven corruption is not as bad in Canada as in the USA, the power of well-funded narrow interests to misinform voters and influence politicians is a big problem here too.

So I'm heading for the LPC Biennial Policy Convention in Montreal, February 20-23, 2014.

BTW Canadians get tax credits for federal political donations. Your first $400 donated per calendar year only costs you $100. You can do this once by December 31, and then again in January -- donate to LPC at liberal.ca/donate or call (888) 542-3725.

Wednesday, September 25, 2013

@modo_carcoop Special General Meeting had a close call 15-14 vote #coop #democracy

This is my report on the Special General Meeting of Modo the Car Co-op, held recently on September 23, 2013. We voted on eight resolutions proposed by the Modo Board, for changing the co-op's rules:
  • Resolution 1: Correction of oversights or typographical errors; clarification; and removal of obsolete or redundant items
  • Resolution 2: Create a Nominations Committee and define its accountabilities
  • Resolution 3: Create alternatives to in-person voting at annual meetings for elections
  • Resolution 4: Create an option to use alternative voting systems in elections
  • Resolution 5: Permit the co-op to pay interest on members’ shares
  • Resolution 6: Permit an organization to become a Business Member of the co-op, and to appoint a Delegate to represent it
  • Resolution 7: Authorize the Board to invest funds with reference to an Investment Policy
  • Resolution 8: Change the name of the co-op to Modo Co-operative
Brief Summary of Meeting:
  • We passed each of the 8 resolutions by more than the required 2/3 super-majority vote.
  • On Resolution 7, I proposed an amendment to require a member approval vote on future changes to the Investment Policy. Amendments are decided by simple majority vote. With 14 in favour and 15 opposed, we did not adopt my amendment. We then unanimously approved the Board's original Resolution 7.
  • There was significant opposition to Resolution 6 (letting businesses that use Modo become voting members of Modo), but it passed by a vote of 25 in favour, 7 opposed.
Discussion of Resolutions 3 and 7:

Monday, September 16, 2013

#CIRA election: Why I'm voting for @KevinSMcArthur, Jim Grey, Ryan Merkley, Ruth Corbin

The Canadian Internet Registration Authority (CIRA) is holding its annual board election. I'm voting for these candidates:
Members' Slate:
- Kevin McArthur

Nomination Committee Slate:
- Jim Grey
- Ryan Merkley
- Ruth Corbin
If you're a CIRA member, you can vote Sept 16 - 23 (deadline: 11am Pacific time Sept 23). If you have a .ca domain, you can join CIRA for free at cira.ca/membership (and vote next year).

How I chose who to vote for:

I based my decision mainly on how the candidates participated in the election forum.

I especially like Kevin McArthur's advocacy of board transparency, which I strongly support as a way of increasing accountability of CIRA to its members and to the Canadian public. I voted for Kevin in 2012 and 2011 for similar reasons.

As for the Nomination Committee's candidates, my preference tipped toward Grey and Merkley for their replies to the forum question on what to do with CIRA's financial surplus, and toward Corbin for participating in the forum and not giving responses that I found disappointing.

How to improve CIRA's election process:

There is not enough voter engagement, nor enough sources of insightful assessments of the candidates. (There should be much more insight available than my blog post above, but if it's out there I can't find it.)

I have been recommending various improvements to CIRA, so instead of repeating them I'll link to them:

1. The latter half of this blog post last year.

2. The paper We Want Our Co-ops Back.

Friday, September 13, 2013

@modo_carcoop Investment Policy should be approved by Members #coop #democracy

Two weeks ago I blogged about the upcoming (Sept 23) Special General Meeting of Modo the Car Co-op, to vote on the Modo Board's proposed rule changes. I supported Resolution 2 (to create a nominations committee) and Resolution 3 (to enable voting via internet) as changes that would strengthen member democracy.

Recently I studied Resolution 7, which would authorize the Board to invest Modo funds with reference to an investment policy. It would change the existing Rule 10.02:
"Without the approval of the Members by special resolution, the Directors shall not invest a total of more than $25,000 of the funds of the Association in securities or classes of securities other than those in which trustees are permitted to invest trust funds under the Trustee Act."
To become:
"The funds of the Association shall be invested in accordance with an Investment Policy approved by the Directors that defines permitted investments and sets investment limits for permitted investments." [emphasis added]
To maintain democratic accountability to us Modo members on how our accumulated funds are invested, I recommend changing the word "Directors" to "Members" in the above proposed new rule. [Update 2013-09-20: amended wording in second comment below] So the Board could propose future changes to the investment policy, but those changes would need to be approved by a vote of the members.

Saturday, August 31, 2013

@modo_carcoop meeting Sept 23 to vote on rule changes #coop #democracy

Vancouver-based Modo the Car Co-op is having a Special General Meeting of members on Monday September 23, to vote on eight resolutions proposed by the Modo board, for changing the co-op's rules:

A. “HOUSEKEEPING” CHANGES
  • Resolution 1: Correction of oversights or typographical errors; clarification; and removal of obsolete or redundant items
B. NOMINATIONS AND ELECTIONS PROCESS
  • Resolution 2: Create a Nominations Committee and define its accountabilities
  • Resolution 3: Create alternatives to in-person voting at annual meetings for elections
  • Resolution 4: Create an option to use alternative voting systems in elections
C. OTHER SUBSTANTIVE CHANGES
  • Resolution 5: Permit the co-op to pay interest on members’ shares
  • Resolution 6: Permit an organization to become a Business Member of the co-op, and to appoint a Delegate to represent it
  • Resolution 7: Authorize the Board to invest funds with reference to an Investment Policy
  • Resolution 8: Change the name of the co-op to Modo Co-operative
Full details (text of new rules, reasons etc) are accessible only to Modo members (like me) logged in at bookit.modo.coop.

As you can see from my posts on this blog for the past year and a half, I've been very critical of the boards of some large co-ops, which have persuaded their members to approve rule changes that shift power from members to the board. The boards have not described it to members as a power transfer, but in substance that's what it is. The changes undermine Co-operative Principle #2 -- democratic member control -- and open the door to corrupt abuse of power by boards. Mountain Equipment Co-op (MEC) is a prime example.

So I'm happy to report that, as far as I can tell, the rule changes proposed by Modo's board would strengthen, not weaken, member democracy.

Friday, May 10, 2013

Will #FICOMBC support @Vancity Credit Union board entrenchment? #democracy

Today I submitted this letter to the B.C. Financial Institutions Commission (FICOM), with my comments on their draft Governance Guideline for Credit Unions. Main points:

Accountability requires competition in board elections.
=> So boards should not be able to disqualify competitors based on subjective assessments.

Lack of accountability opens the door to corruption.
=> Only competitive elections can prevent favouritism in the use of members' funds.

Board control of information can bias elections.
=> Boards should not be allowed to put their recommendations on board election ballots.
=> Without that, Vancity members would have elected Lisa Barrett instead of Allen Garr.

Please don't let the foxes design the hen house.
=> The public interest should take precedence over lobbying by credit union insiders.

Will next week's B.C. election have any effect on FICOM's final Governance Guideline? Just asking...

Saturday, May 4, 2013

Reports on member rebellion @Coast_Capital AGM

At the Coast Capital Savings Credit Union's Annual General Meeting of members on April 30, it was announced that members had voted over 79% to take back control of directors' pay. The board had recommended voting "NO", so members have learned to be skeptical of board recommendations. Two recent write-ups on this:

- Press release from the proponent (Coast Capital Compensation Watch)

- Vancouver Sun article

For background and context:

- My article in the Vancouver Observer: We want our co-ops back

- Posts on Coast Capital in this blog

Saturday, April 27, 2013

@MEC slides from #democracy to #oligarchy -- AGM report

Mountain Equipment Corporation Cooperative held its 2013 Annual General Meeting on April 25. Unfortunately, the outreach efforts of us 600 MEC Members for a Democratic Co-op were not enough to counter the MEC board's control of information flowing to members. The board's resolution on rule changes passed by a vote of 91% to 9%. For an overview of how the vote was biased, see my article in the Vancouver Observer: "We want our co-ops back"

So in addition to last year's new power to reject director candidates from standing for election, the board can now reject any member resolution for any reason, without submitting it to member vote. The new rule changes reduce the board's accountability to members in several other ways detailed in my March 14 blog post.

Many members were shocked to see how quickly the board took advantage of its new power by rejecting 2013 director election nominee Anders Ourom. His qualifications include:
  • MEC Director (1981-1986, 1988-1992)
  • MEC Board Chair (1989-1991)
  • President, Climbers' Access Society of B.C. (1995-2004)
  • Lawyer, Advising Societies and Co-operatives (1995 - present)
  • Legal Advisor, MEC Rules Revision Projects (1997-1998, 2001-2002)
Apparently the board decided that MEC members needed to be benevolently protected from having the option to vote for Anders this year. In the AGM's Reports Q&A section, I stepped up to the mike and asked this question:

Sunday, March 24, 2013

Co-op #democracy reform movement growing @MEC @Coast_Capital @Vancity

Co-op members are waking up to reclaim their democratic rights.

Mountain Equipment Co-op:

Over 400 500 members of MEC have now signed an open letter "The C is for Cooperative, Not Corporation", protesting the MEC board's misleading labelling of a resolution that would transfer control of director nominations and member resolutions to the board. Members can vote on it until March 28, at mec.ca/election. I recently posted this analysis with voting recommendations -- please vote NO on the board's Resolution #1.

Coast Capital:

In a similar push-back, 438 members of Coast Capital Savings Credit Union (a financial co-op) have signed a petition demanding a vote to reverse a 2007 rule change that allowed their directors to decide their own pay, which has grown rapidly since then -- see the member-organized website Coast Capital Compensation Watch. Members can vote on the resolution from now through April 16, on paper ballots by mail or online at www.coastcapitalsavings.com > Log in > Account Services > Online Voting. (Please vote YES.)

Technology Credit Union:

Last year, the board of California's Tech CU proposed converting it into a mutual savings bank, a move that has been criticized (e.g. here) as enriching directors at members' expense. Fortunately, a campaign to alert members to the downside resulted in their defeating the proposal by a 77% vote.

Vancity Credit Union:

In April 2012, the Vancity board of directors elections were criticized for being undemocratic -- see especially the article's comments. Although other candidates can run for election, the board's recommended candidates are listed first on the ballot, in bold, with the word "recommended" -- my analysis here.

Vancity's 2013 board election is next month.

We Want Our Co-ops Back!:

Last year I wrote a report proposing reforms for these democratic deficits, and emailed it to the boards of MEC and Vancity. But judging from our resulting correspondence, they seem unwilling to restore accountability to members.

So more members are getting concerned about the trend, and seeking to reverse it. Last week I published an article in the Vancouver Observer, citing the decline in accountability of elected leaders as a major cause of the 2008 financial crisis. Co-ops can become the starting point for a democratic reform movement that can eventually empower us to also reclaim our corporations and our governments.

We are organizing -- please email me (mark[at]votermedia.org) to join us in re-establishing Co-op Principle #2 -- Democratic Member Control:

"Co-operatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership."


Monday, March 18, 2013

@MEC director election endorsements: David, David & David

Members are voting in the Mountain Equipment Co-op board of directors election until March 28, at mec.ca/election. Here's how I plan to vote and why:

Board of Directors (vote for up to 3):

1. David Goldsmith
2. David Wartman
3. David Wexler


Reasons:

Published today in Vancouver Observer: We want our co-ops back @MEC @Coast_Capital

Today (2013-03-18) the Vancouver Observer news website published my opinion piece "We want our co-ops back".

It describes how the boards of Mountain Equipment Co-op and Coast Capital Savings have been changing the rules in ways that shift power from members to boards. This undermines the accountability of elected leaders to voters -- the same trend that caused our 2008 financial crisis.

But we can reverse the trend -- see how in the Vancouver Observer article.

[BTW the above linked article is a 2-page overview, partly based on my 24-page in-depth report with the same title but capitalized: "We Want Our Co-ops Back". Sorry for any confusion but I love that title!]

Thursday, March 14, 2013

@MEC Vote NO on Mountain Equipment Co-op Resolution #1

Time is running out for us MEC members to defend our democratic rights by rejecting the Board's proposed Resolution #1. To understand what's at stake, look at what happened last year:

Wednesday, February 20, 2013

@Coast_Capital credit union members' resolution to regain control of director pay

Over 400 members of Coast Capital Savings credit union have sent petitions to require a member vote, on a resolution to regain control of director compensation. Ballots will be sent to all members on March 21, with voting from March 22 to April 16, 2013.

More info:
Congrats and thanks to Phil Embley for alerting and mobilizing Coast Capital members!

This is the latest event in a broad trend of elected leaders reducing their accountability to voters, and voters pushing back to increase accountability. See "We Want Our Co-ops Back" at votermedia.org/publications for developments at Vancity Credit Union and Mountain Equipment Co-op. Also my earlier post Tech Credit Union members' revolution.