The bid to introduce term limits for members serving on committees of the City of Bridgetown Cooperative Credit Union (COB) has been soundly defeated.
Last Saturday, the motion, which was brought by COB founding member Winston Alleyne, was voted down 134 to 20 during the credit union’s annual general meeting at the Hilton Barbados.
The resolution sought an amendment to by-law 11(a) Subsection (ii) which states: “Directors shall serve for a term of three years, provided that at least two members retire each year”.
The resolution called for persons who have cumulatively served on committees for 12 years or more, to retire and not be eligible to serve in any elected office in the credit union. (CLM)
