174Qualification of directors

174 Qualification of directors

174 Qualification of directors

(1) A person is not qualified to be a director of a co-operative unless he or she is—

(a) a person who is an active member of the co-operative or a representative of a corporation that is an active member of the co-operative (a member director); or

(b) a person who is qualified as provided by the rules of the co-operative (a non-member director) and who is not an active member of the co-operative.

Note—

A non-member director either is not a member of the co-operative or is an inactive member of the co-operative.

(2) The majority of directors must be member directors.

(3) Subsection (2) does not prevent the rules of a co-operative requiring that a greater number of directors than a majority must be member directors.

(4) An employee of a co-operative is not precluded from being a member director or non-member director of the co-operative if he or she is otherwise qualified.