Co-operatives National Regulation (Queensland)
sch.6-sec.37Qualifications of directors (CNL s174)
Start here
Get a plain-English read of sch.6-sec.37
Turn the raw legal text into a practical explanation grounded in Co-operatives National Regulation (Queensland).
sch.6-sec.37 Qualifications of directors (CNL s174)
A person is not qualified to be a director of the co-operative unless the person is an individual over the age of 18 years and is either: an active member of the co-operative or a representative of a corporation that is an active member of the co-operative; or not an active member but who possesses special skills in management or other technical areas of benefit to the co-operative as specified by the board from time to time. A person qualified to be a director under subrule (1) (a) is known as a “member director”. A person qualified under subrule (1) (b) is known as a “non-member director”. The board of directors must have a majority of member directors. (sch.6-sec.37-ssec.1) A person is not qualified to be a director of the co-operative unless the person is an individual over the age of 18 years and is either: an active member of the co-operative or a representative of a corporation that is an active member of the co-operative; or not an active member but who possesses special skills in management or other technical areas of benefit to the co-operative as specified by the board from time to time. (sch.6-sec.37-ssec.2) A person qualified to be a director under subrule (1) (a) is known as a “member director”. A person qualified under subrule (1) (b) is known as a “non-member director”. (sch.6-sec.37-ssec.3) The board of directors must have a majority of member directors.
- (a) an active member of the co-operative or a representative of a corporation that is an active member of the co-operative; or
- (b) not an active member but who possesses special skills in management or other technical areas of benefit to the co-operative as specified by the board from time to time.