Annual General Meeting
Holding of the meeting
The Annual General Meeting of Shareholders must be held within the four months following the end of CRCD’s fiscal year. The purpose of the meeting is to receive and consider the financial statements and independent auditor’s report, elect directors, appoint the independent auditor and set its remuneration, consider and dispose of any business that may properly be brought before the meeting.
Each shareholder receives a notice of meeting accompanied by the summary of the audited financial statements as at December 31 and a reply card that allows them to obtain free copies of the full financial reports.
Election to the board of directors
At the CRCD annual general meeting, three directors must be elected by the shareholders, for a term of one year or until their successors are elected or appointed.
Applications must have been received by CRCD no later than Saturday, November 11, 2023, at 3 p.m. If there are more than three nominees, a secret ballot will be held. Incumbents are eligible for re-election each year.
The nomination process is now complete.
Nominees had to complete the nomination form (In French] and forward it by email to Shareholder Relations at candidatures.CRCD@desjardins.com no later than 3:00 p.m. on November 11, 2023. The form had to be accompanied by a professional photo in portrait format.
By submitting a nomination form, shareholders authorize CRCD to carry out security and credit checks on them and verify their civil and criminel records.
Directors play an essential role in the development and sustainability of CRCD. In addition to their personal obligations and responsibilities, they must possess, individually or collectively, several skills related to CRCD's business sectors.
Given the importance of the position, the Board of Directors considers that it has the responsibility to identify candidates who can make a significant contribution to the achievement of CRCD's mission and strategic objectives, while ensuring broad mix of expertise, experiences, skills and genders as well as regional representation on the Board of Directors.
Selection of three candidates
The Governance and Human Resources Committee reviews elligible nomination requests and recommends to CRCD three nominees for whom to vote proxies that contain no shareholder voting instructions.
Given the scope of the function and the rules of governance specific to CRCD, candidates for election must detail their skills and experience in their form in order to allow shareholders and the Board of Directors to assess their candidacy.
When identifying these candidates, the collective profile targeted to promote a diversified composition of the Board of Directors, with regard to the experience, expertise, training and representation of the members, will be taken into consideration.
Summary nominee profiles will be included in the notice of meeting for the Annuel General Meeting. Full nominee profiles will be available on CRCD's website next March.
The results of the election are announced at the meeting and will be published on the website the day following the meeting.