Coast Capital Compensation Watch

I’ve been meaning to post about this but the situation involving Auditor General John Doyle and MLA Eric Foster got me off track.

I learned about Coast Capital Compensation Watch from Michael Eso. At first I was a little worried it was some kind of banking scam. Since then I’ve had a chat with the person organizing this campaign, Phil Embley, and verified that the petition is legitimate. He comes across as a sincere individual who is genuinely concerned about the future of credit unions in British Columbia. My wife and I have both mailed him our signed petitions.

We like Coast Capital but we also feel there are very few opportunities for members to have a genuine say in the governance of the organization.  This petition would help to change that:

“In 2006, Coast Capital Savings changed the Credit Union Rules to permit Directors to set their own remuneration within a policy framework that is not working out and should be changed.  We need 300 members to sign a petition so that we can require the Board of Directors to allow members to vote on a Special Resolution returning Board Remuneration to the members.”

The web site lists a deadline of January 24th. Phil says if a petition arrives a couple of days after the deadline it will still be accepted. If you are a member of Coast Capital, please take a moment to sign the petition. You can send it to him by email, fax or snail mail.