report from the board: special general meeting
A letter from Joel DeYoung, Chair of Modo’s Board of Directors:
This past Monday night, we held a Special General Meeting of Modo’s members. The evening was filled with active discussion as members considered a number of changes to our official rules.
The meeting approved rule amendments that included how we nominate and elect directors, how the co-op manages its investments and how financial distributions may be paid out to members. The membership also approved a change allowing businesses to become shareholding members of the co-op, bringing the benefits of full membership to the numerous co-ops, credit unions, social enterprises, not-for-profits, and other businesses in our community that use Modo. Finally, the meeting was topped off by changing our legal name from CAN Co-operative Auto Network to Modo Co-operative, a culmination of our recent, successful rebrand.
Find the full details of these rule changes posted on our website.
As Modo has grown, improved its service and increased its community impact, it is important to ensure the rules we use to govern the co-op are up to date, effective and reflective of our core values and mission. The board of directors worked over several months to draft the modifications to our rules, but it was the active and engaged participation of our members in the process that secured a positive result. I want to extend my thanks to all the members that emailed us with feedback or came to the meeting to participate in Modo’s democratic process.
I’m excited about Modo’s future. And I’m proud that as a co-op, Modo’s role in our region’s sustainable transportation future is ultimately in the hands of our members.
Want to learn more? Modo member Mark Latham offers his report about this “fascinating exercise in democracy” on his blog.