Notice of Amendments to the KFA Constitution and By-Laws

Dear Kwantlen Faculty Association Members,

In accordance with By-Law 3.4.1, this is notice of changes for By-Law # 11

11. BY-LAW #10: FINANCIAL OPERATIONS

11.5 The Executive Committee may invest the funds of the Association in any savings account, term deposit, or savings certificate in a Bank, Trust Company, or Credit Union chartered by the Government of Canada or of the Province of British Columbia.

11.6 The Executive Committee may retain a professional investment management firm to manage the funds of the Association.

11.7 The Executive Committee may retain a law firm or lawyer to provide legal services to the Association.

11.87 Notwithstanding Article 11.5, 11.6 and 11.7 10.5 of the By-Laws, the Association, in accordance with the Society Act, shall not borrow money, contract a debt, or otherwise enter into agreements except by a vote of seventy-five (75%) of the members present at a General Meeting where quorum is met.

11.98   qualified, third-party Auditor shall be appointed by the Association at the Annual General Meeting, to examine the books of the Association and the Association’s Financial Statement. The Association’s Financial Statement shall be presented by the Secretary-Treasurer at the Annual General Meeting; the Auditor’s report, prepared in accordance with the generally accepted auditing practice, shall be presented to the first Fall General Meeting which follows the Annual General Meeting.

MOTION: To approve the changes to By-Laws #11.7 and 11.8 as recommended by the KFA Executive.

If you have any questions, please don’t hesitate to contact me.

Marc Kampschuur, Vice-President,

Officer Responsible for the Election