Bylaws
The Bylaws of the Common Ground Co-op are the legal document which governs our organization. This defines the overall structure of the co-op, and how changes to that structure can be made. They’re terse, formal, legal, and incredibly important!
We are in the process of changing our bylaws. This new document will:
We will be discussing the new bylaws on the co-op's blog. Board members will be in front of the store between 10 and noon on the following market days:
We will have a vote on adopting these bylaws at the GMM on October 10
We are in the process of changing our bylaws. This new document will:
- Protect the democratic principals of the co-op by doing things like making voting quorums a percentage rather than static number of active owners.
- Streamline the governance process to accommodate growth.
- Safeguard the co-op from legal challenges to the way we operate by making our bylaws compatible with current State of Illinois statutes.
- Provide for the payment of patronage dividends in years we make a profit, and further protect the financial interests of our collective ownership.
- Legally transfer all member capital certificates to owner shares.
- Expand the board of directors from 7 to 9 members to accommodate the growing needs of our ownership.
- Allow for owners to vote in-store, via mail-in ballots and by proxy rather than just in person at a single meeting.
We will be discussing the new bylaws on the co-op's blog. Board members will be in front of the store between 10 and noon on the following market days:
- June 13
- July 11
- August 8
- September 12
- October 10
We will have a vote on adopting these bylaws at the GMM on October 10
| Attachment | Size |
|---|---|
| Current Bylaws | 107.86 KB |
| Proposed Bylaws | 54.5 KB |
| Whats changed - Page 1 | 350.5 KB |
| Whats changed - Page 2 | 310.23 KB |