... if anything.
The decisive reelection of the four incumbent directors at the SECU Annual Meeting was a great disappointment - well, at least to some of us! Took a week off to lick some wounds and give this extended, two-year odyssey some thought.
✅ The first thought was to reaffirm that the results of the election were fair. The SECU Board deserves kudos for creating an independently controlled voting process, which has greatly enhanced the ability of SECU members to vote. Despite criticism over costs, the Board has established an important precedent by adding a mailed-ballot option for every member in 2024. The relatively minor costs of the the mailing were well worth the significant increase in member interest and participation. Having @100,000 SECU members vote in 2024 vs @13,000 in 2023 is very positive for SECU, as a member-owned cooperative. Yes, some folks may want to grouse about some of the policies and tactics used by the Board, but it is seems reasonable for the Board to seek to make its preferences known to the membership.
✅ The second thought was that it might be wise to pause and review what has occurred over the last two years - why we are here, what brought us to this point, what has changed.
✅ The third thought was to take a closer look at where SECU is heading, based upon the analyses and forecasts presented by the Board at the Annual Meeting.
✅ The final thought was to establish a "baseline" against which SECU members may evaluate the prudence and progress of the Board's strategic goals against the realities of the financial marketplace.
For folks who would like to comment and weigh in, hope you will do so through the "SECU For All" site [link], where much good discussion has been occurring; and which will help better legitimize the "debate" when an identity is attached.
Will start tomorrow with a look at that "Resolution" which was approved by the membership two years ago at the October, 2022 Annual Meeting [hope you will read it - here]. What was all that about?
This review and reconsideration won't take long... and anyway what did you have planned for the next few weeks as we all wait for the results of "that other election"?
... what are you talking about? There was another election going on...?
