What does Stocksy’s Board of Directors do?

The Board is the governing body of the Co-op. Together, they make high-level recommendations and decisions on governance, membership, finance, direction, and strategy for the Co-op.

Board Directors are required to attend (at minimum) one board meeting each quarter, our annual AGM, and one annual budget review meeting each December. These meetings are held virtually.

Stocksy’s Board of Directors consists of up to nine members: up to five Class A members and two member representatives from both Class B and Class C.

To review Stocksy's membership classes, see this article.

From Stocksy's Co-op Rules

5.  DIRECTORS 

5.1 Generally

1. Each class of shareholders must have at least 1 director for a minimum total of 3 directors on the board.

2. Each class has the right to elect up to the following number of directors:

3. The maximum total number of directors is 9.

4. A majority of directors must be residents of Canada, and at least 1 must be a resident of British Columbia.

5. A majority of directors must be non-employees.

6. Directors of Class A may be members or non-member advisors, but non-member advisors cannot make up more than 1/5 of the total number of directors on the board.

7. Directors of Classes B and C must be Stocksy members, by the nature of the class.

8. In a joint membership, only 1 individual in that membership may be a director of Stocksy at any time.

5.2 Qualifications and duties of directors

1. The directors must manage Stocksy in accordance with the responsibilities, duties, and powers set out in the Act, the Memorandum, these Rules, any member agreements, and any director agreement the board may require from time to time.

2. The board will appoint a Chief Executive Officer who will then appoint any other executives as needed.

3. A member who wishes to serve as director must be at least 18 years of age.

4. A member who wishes to serve as director must sign a consent to act as director and a director non disclosure agreement prior to appointment or taking office.

5. A member who wishes to serve as a director for a particular class must comply with all the provisions above and:

   1. Class A directors must comply with all responsibilities, criteria, and obligations outlined in any Class A director job description as determined from time to time by Stocksy and the board.

   2. Class B directors must comply with all responsibilities, criteria, and obligations outlined in any Class B director job description as determined from time to time by Stocksy and the board.

   3. Class C directors must comply with all responsibilities, criteria, and obligations outlined in any Class C director job description as determined from time to time by Stocksy and the board.