This past year your board of directors has been working to update the legal documents that provide the governance structure for Bloomington Cooperative Services, Inc. With the support of your vote we have changed the bylaws to increase the number of directors from seven to nine and to welcome up to two employee owner-members as directors. In addition, we have cleaned up and simplified the Articles of Incorporation.
We are now working to finish the rewrite of the bylaws. Originally, we had hoped to have this done for a special vote in March, 2017. However, the current plan is to have the rewrite completed by March, 2017 to be voted on in our next board election in September/October, 2017.
This is very important work for the co-op and we need your feedback. Some of the issues we are still discussing are inactive status for owner-members, institutional owner-membership and quorum requirements for owner-member meetings. Caroline Beebe, the board president, will be in the conference room at Noodles & Company (located in Eastland Plaza) from 5:00-6:00 PM on Thursday, January 26, 2017 to talk with you. We would like to hear your questions, suggestions and comments. Please come!