Vote for Member #Democracy @Coast_Capital Credit Union
To control excess director pay and restore member democracy at Coast Capital Savings Credit Union, I recommend voting:
AGAINST the Board’s resolutions (numbered 1, 2, 3, 4)
FOR the member resolutions (numbered 5, 6, 7, 8)
In the director election I recommend voting for three candidates not recommended by the Board. I’m voting for Lisa Barrett, Bruce Batchelor and John Fryer.
Vote now thru April 8: Go to coastcapitalsavings.com, log in, then click Online Voting tab at lower left.
Please spread the word to your friends who may be among Coast Capital’s 500,000 members in southwestern British Columbia.
In 2007, the Board persuaded members to let the Board set its own pay based on a pay “philosophy” document. By 2011, the Board had raised its pay to more than double that of Vancity Credit Union’s Board — details here. (Vancity is similar to Coast Capital in size and location. Both have about 500,000 members.)
Members were unaware of this dramatic rise in director pay, until in 2013 two members created the Coast Capital Compensation Watch website, and gathered over 400 member signatures to put this resolution on the ballot:
“Be it resolved that, the members of Coast Capital Savings Credit Union establish the remuneration for the Directors of the credit union and that the amount paid to each Director is published in the Annual Report.”
The Board put the member resolution and its supporting statement on pages 10 and 11 of this 12-page booklet, most of which was designed to persuade members to vote against the resolution. Examples of the Board’s spin:
Page 5: “…you are being asked to vote on a special resolution brought forward by a member named Phil Embley…”
— No mention of the over 400 members who signed petitions in support of bringing the resolution to members’ vote.
Page 5: “…every three years the Board Governance Committee works with an independent external compensation consultant who reviews director compensation…”
— Of course, the “independent” consultant is selected by the Board.
Page 8: “Coast Capital advises our members that some of the facts alleged in the [resolution’s supporting] statement are inaccurate and misleading.”
Page 9: “Vote “Against” if you agree with the 2007 member-approved approach to establishing director compensation”
Fortunately, members were able to see through the Board’s spin, and voted 79.7% in favour of the member resolution! Voter turnout in 2013 set a new record of over 23,000 compared with less than 14,000 in 2012 and less than 20,000 in 2011.
Recognizing that excess pay indicated a lack of Board accountability to members, a group of concerned members (including me) worked with Phil and Scott at Compensation Watch to review Coast Capital’s governance rules. We were dismayed to learn how the Board had written the director election rules to give themselves effective control of who gets elected, while maintaining a facade of democracy: They put put their chosen candidates first on the ballot with the word “Recommended”, and prohibit campaigning. Candidates are not allowed to mention their candidacy on the web or by email or in the media, else they will be disqualified — see 2014 Campaign Regulations (especially rules 4, 5, 6, 7). For data and analysis of how recommendations on a ballot affect elections, see my letter to the B.C. Financial Institutions Commission.
So we drafted four resolutions to help re-establish member democracy:
- 12-year director term limit.
- Disclose pay of top 3 executives.
- Allow director election campaigning.
- Set specific pay for directors, at Vancity’s pay levels.
Several of us also offered to run for election to the Board, even though in 2014 we would still be subject to the ban on campaigning.
As in 2013, we had to gather signatures from at least 300 members to get these resolutions on the ballot. We got over 400 signatures on each.
This year, the Board realized it would take more than spin to sway member votes their way, so they drafted four resolutions with the same headings as our four, and placed them ahead of ours on the ballot. Again, they drafted the member voting information booklet with many pages of their spin. Here’s a link to the booklet and some rebuttal to their arguments:
Page 3: “Four individuals are bringing forward disruptive Special Resolutions … which will threaten our great products and services.”
— All four of our resolutions are already in effect at successful financial institutions. Vancity’s pay levels attract well qualified directors, who run for election with campaigning allowed. 12-year term limits are a well accepted practice, as is disclosure of executive pay. Each resolution is well supported by the statements on pages 6, 8, 10 and 12 of the booklet. On the contrary, a lack of accountability can threaten the success of a financial institution, as the 2008 financial crisis showed us, so we should strengthen accountability of Coast Capital’s Board to us, the members.
Page 3: “These individuals are aligned with a small special interest group known as Coast Capital Compensation Watch.Their name is misleading.This group is not the voice of your credit union. It represents the views of only a few supporters – not Coast Capital’s 512,000 members.”
— 79.7% of voting members said that last year’s Compensation Watch resolution represented their views better than the arguments of a small group known as Coast Capital’s Board. That small group seems to have a special interest in increasing its pay and its grip on power. More members voted for the Comp Watch resolution than ever voted for any of the current directors.
Page 5: “The Individual Resolutions are unnecessary and costly.”
— These resolutions were made necessary by the Board’s unreasonable pay increases and unfair elections rules. Compare 2011 Vancity Board pay of $366,000 to Coast Capital Board pay of $750,000 and other comparisons here. Also, the resolution proponents have taken care to time their submissions to coincide with director elections, so as not to require an extra mailing.
Page 7: “We’re already implementing term limits this year.”
— The Board’s Term Limit resolution was drafted after the members’ Term Limit resolution, in response to it, so there’s no “already” about it. It even refers to the members’ resolution, giving itself the power to override if both are passed. How can they even be allowed to put their resolution first on the ballot? And the Board’s would seriously weaken the effectiveness of a term limit, by ignoring the 20-plus years that two directors have already served. Those two directors would have served at least 32 years each before their “12 year” resolution would term them out.
Page 9: “We already do this.”
— The members’ resolution calls for disclosing the top three executives’ pay individually, to the extent permissible by law. Coast Capital is only disclosing the sum of the top nine executives’ pay, which hides information by lumping it together, as explained in the supporting statement on page 8 of the booklet.
Page 11: “Keep our elections democratic.”
— It amazes me that anyone could consider it democratic to silence election candidates and control voter information as tightly as this Board now does. Even the organizations I criticized in the paper We Want Our Co-ops Back do not silence candidates as Coast Capital does.
Page 13: “Your Board also commissioned an independent member task force to review the credit union’s philosophy that sets Director pay.”
— The Compensation Task Force process was orchestrated by an “independent” consultant chosen by the Board and Board-overseen staff. It concluded by proposing another pay “philosophy” that would continue to give the Board leeway in setting its own pay — more on that at this Comp Watch page.
[About the author: Mark Latham is a Vancouver-based financial economist (cv: linkedin.com/in/marklatham) specializing in governance reform of co-ops, democracies and corporations. He was appointed by the Chairman of the U.S. Securities and Exchange Commission to represent individual investors on the SEC’s post-financial-crisis Investor Advisory Committee.]
INDIAN SUMMER FESTIVAL: 11th EDITION LINEUP AND DATES ANNOUNCED
INDIAN SUMMER FESTIVAL: 11th EDITION LINEUP AND DATES ANNOUNCED
Festival to feature five weeks of online and hybrid events from June 17 to July 17, 2021
Vancouver, BC (May 20, 2021) – Indian Summer Festival, Vancouver’s ‘festival for the curious mind,’ marks its 11th anniversary with five weeks of ten carefully curated events. Most events will stream on digital channels with premieres at 7:00 pm PDT every Thursday and Saturday from June 17 to July 17 (except July 1st). This year’s festival includes door-delivered food and special gift boxes, bringing a delicious and delightful tangible element to them. Two special projects allow for Covid-safe hybrid experiences with digital and in-person components. For event details, access and ticketing, please visit indiansummerfest.ca
Early bird pricing for the Limited Edition ISF2021 Premium Pass is $285, which provides access to all ISF2021 digital events, including the Opening Party with amazing performances, exclusive access to the chatroulette afterparty, food from Vij’s, and wine from Volcanic Hills all delivered to Lower Mainland residences, and a special artist-curated Punjabi Market Premium Gift Box. Early bird pricing is valid until May 31; regular price is $325. A Digital Pass to access all online events at the festival (without the tangible elements) is $50. Individual tickets to all ISF2021 events are available on a sliding scale of no fee, $10 or $20, as the festival understands that this is a difficult time for many.
“For this 11th year for the 2021 Indian Summer Festival, we thought that our theme should be “Shapeshifting,” says Sirish Rao, Indian Summer Festival’s Artistic Director. “It’s something that we’ve all had to do in the last year, and shapeshifters have existed in almost every culture.”
“For ISF2021, we have created ten distinct events for all of us to experience music, performing arts and literary discussions so we can experience the true transformative power of the arts. The arts give us levity, solace and help us make sense of our predicament and imagine our futures.”
“As with most of us working in arts and culture, we’ve become very creative this year with ways that our audience can experience Indian Summer Festival,” adds Rao, “From premium passes that include door-delivered dinner and wine, to digital passes to access shows, we’ve become our own Shapeshifters to deliver an innovative digital and hybrid experience.”
This year, the festival offers live digital event premieres (where audiences can interact through chat functionality) with an on-demand digital platform that makes it possible for events to be viewable until the end of the festival. The festival sees a stunning global cast of talent from beatboxers to tabla maestros, novelists and actors.
2021 Indian Summer Festival event schedule includes:
Date: Thursday, June 17, 2021, 7pm PDT
Event: Indian Summer Festival Opening Party – Metamorphosis featuring Laydy Jams, Shamik Bilgi, Her Tribal Roots and Kamal Pandya. Sponsored by Concord Pacific.
Hosted by ISF’s Sirish Rao and CBC’s Anita Bathe, opening night features brilliant, beautiful performances by some of Vancouver’s finest talents.
ISF2021 Premium Pass Holders get exclusive access to an online afterparty where they’ll be paired with other ISF friends and artists for multiple one-on-one conversations and performances, and a special box of goodies, featuring a meal for two by Vikram Vij paired with a bottle of wine from Volcanic Hills.
Date: Saturday, June 19, 2021, 7pm PDT
Event: Anoushka Shankar – The Musical Journey of a Shapeshifter. Sponsored by Nature’s Path.
An evening of music and stories with genre-defying musician and seven-time Grammy Award nominee Anoushka Shankar, who unveils a very special project for Indian Summer Festival.
Date: Wednesday, June 23 – Saturday, July 3, 2021
Event: VOX Infold. Produced in partnership with Vancouver Jazz Festival and LOBE Studios.
Address: Lobe Spatial Sound Studio, 713 East Hastings Street, Vancouver, BC
This special project is a rare chance to experience the music of powerhouse vocal ensemble Vox Infold in the form of an immersive sound experience. Presented at the groundbreaking Lobe Spatial Sound Studio and using Lobe’s 4DSOUND system, this is music not just as sound but as a profound experience of space and dimension. Consider it a healing sound bath. Advance booking required and experienced as an individual or in a ‘household bubble.’ Book your slot online at https://www.eventbrite.ca/e/voxinfold-tickets-150267575363
Date: Thursday, June 24, 2021, 7pm PDT
Flames and Portals – Literary discussion with Kamila Shamsie and Mohsin Hamid, Moderated by Sirish Rao. Presented by SFU Library.
In 2017, two of the most exciting writers of our times – Kamila Shamsie and Mohsin Hamid – published novels that have proved to be uncannily accurate about the direction the world would take. They warned of the future of nationalism, the tightening of political and social borders, and how our realities can become unrecognizable overnight. ISF meets them four years later to talk about their prescient works.
Date: Saturday, June 26, 2021, 7pm PDT
Event: Zakir Hussain – Alone Together – Zakir Hussain, featuring Mickey Hart and Rakesh Chaurasia. Sponsored by Odlum Brown.
An intimate evening with the tabla maestro, this online concert features Zakir Hussain performing solo and joined virtually by special guests collaborating in real-time from different parts of the world – Grateful Dead legend Mickey Hart and bansuri virtuoso Rakesh Chaurasia. The concert is preceded by a special interview with the maestro.
Date: Saturday, July 3, 2021
Event: Walking Tour of Punjabi Market
Presented by RBC.
Guests are invited to take a self-guided walking tour of the Punjabi Market using their own mobile device. The audio tour, narrated by artists, shop owners and community members, will give an insight into the past, present and vibrant future of this significant Vancouver neighbourhood.
Punjabi Market Premium Gift Box
Specially curated by artists Minahil Bukhari and Mustaali Raj for ISF2021, the Punjabi Market Premium Gift Box features gorgeous items hand-picked from Vancouver’s vibrant Punjabi Market. At a cost of $125, including taxes and shipping, the gift box will be delivered to your door via Canada Post to Canadian addresses only. Available for order here:
Date: Thursday, July 8, 2021, 7pm PDT
Ancient Futures – Musical Inheritances – Ruby Singh, Khari Wendell McClelland and PIQSIQ.
Supported by TELUS.
Documentary premiere on the music project Jhalaak, followed by a conversation with some of Canada’s most innovative musical voices.
Date: Saturday, July 10, 2021, 7pm PDT
Event: Knives and Sugar – Avni Doshi with Souvankham Thammavongsa, moderated by Anna Ling Kaye.
A meeting of two of the most electrifying literary voices of recent times, one joining from Dubai and the other from Toronto – meet for the first time on ISF’s virtual stage.
Date: Thursday, July 15, 2021, 7pm PDT
Event: Transcendence by Anosh Irani feat. Lois Anderson, Munish Sharma and Laara Sadiq.
From the three-time Governor General’s Literary Award finalist and two-time Dora
Award-winning playwright comes a new work that sits in the exciting space between theatre and
Date: Saturday, July 17, 2021, 7pm PDT
Event: Indian Summer Festival Finale – A Night at the Orpheum- musical performance by Naadaleela Ensemble and Mohamed Assani & Friends.
ISF’s 11th edition ends with a grand, one-night-only finale performed at the historic Orpheum Theatre and delivered digitally to your living room. This double-bill features internationally recognized musicians and features the worldwide premiere of two new musical works.
About Indian Summer Festival
Established in 2011, Indian Summer Festival is a multi-disciplinary arts festival produced by Indian Summer Arts Society, a not-for-profit charitable arts organization based in Vancouver, Canada, on the unceded Coast Salish territories of the Skwxwú7mesh (Squamish), Səl̓ílwətaɬ (Tsleil-Waututh), and xʷməθkwəy̓əm (Musqueam) Nations. This year’s festival runs from June 17th to July 17, 2021. Its mission is to offer daring, multi-arts events that bring together diverse artists, audiences, and artists in a global dialogue and citizenship spirit.
For monthly festival highlights, full event lineup and access to events, please visit indiansummerfest.ca
Follow us on:
Youtube: Indian Summer Festival Canada
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#Liveoffthefloor concerts feature Surrey bands getting back to live
#liveoffthefloor concerts feature Surrey bands with nowhere else to play
The Longest Intermission – Getting musicians back into the swing of performing their new music and fans a chance to experience it.
With the support of the Province of British Columbia and the City of Surrey , Penmar Community Arts Society (Penmar), is launching The Longest Intermission, a virtual concert mini-series featuring local bands recorded live off the floor in Ocean Park Community Hall.
Since covid has shut down live music for over a year, bands have struggled to make a living, but continue to create and put out new material. The Longest Intermission gives bands the chance to rehearse in preparation for a return to touring and share it with fans through livestreaming.
Each band receives a copy of the professionally produced audio and video files that they can use to promote themselves and apply for other performance opportunities, both during and post covid. Each performance will be marketed to fans and potential fans throughout BC and livestreamed as a special event.
The Longest Intermission features two bands – Sleepy Gonzales and Brass Camel – all musicians that originated from Surrey or still live there.
The rehearsal will be produced, marketed and streamed as two virtual special events by Penmar with Partner Tradable Bits , who has sponsored us with use of their state-of-the-art marketing and streaming platform as a way to support emerging musicians.
The project received additional support from Long & McQuade (White Rock) that supplied lights for the production, Face The Music that is sponsoring each band with a video marketing package, and Music Lottery who is also providing financial support.
The goal with these special events is to work with the bands to promote their latest music which they created while unable to perform during covid. We are able to stream into communities that the bands are currently unable to tour to, with an opportunity of reaching new audiences.
Live from the Floor special event broadcasts take place on May 1st and May 8th and will feature a video of the Ocean Park Hall performance and a chance to interact with the bands.
Accessible for everyone. Registration is required and there are free tickets available and paid options to support the musicians in this series and bringing back live!
Event Information and link to register – https://bit.ly/2Q71JHG
Sleepy Gonzales video “aliens exist” – https://bit.ly/32cr8SP
Brass Camel video “Pressure Cooker” – https://bit.ly/3uRhK3r
Event and Marketing Specialist
Operations Manager, Penmar Community Arts Society
Office – 604-535-1162
Cell – 604-817-1526
Help Canadian Artists Get Played
Canadian musicians have a great opportunity to get radio play right here in Vancouver. Mary Kirk of Durham Radio has applied for a Vancouver license. With a new, local radio station artists will have a greater range of options to be heard, played, and paid for their music.
Durham Radio needs our help to get their application accepted. I’m reaching out to all musicians to send a letter of support for Durham Radio’s application.
Here is a message from Mary and Doug Kirk:
Dear members of our Wave artist family,
We at Durham Radio Inc. have applied for a new FM license to broadcast The Wave on 98.3FM in the heart of Vancouver, Canada’s second-largest English-speaking market and a perfect backdrop for Canada’s Smoothest Groove!
Our application was publicly posted Monday, March 22nd on the Canadian Radio-television and Telecommunications Commission’s site (CRTC). In order to be successful, we now need huge public support, especially from our wonderful Wave family of artists. We hope you will add your own letter of support, documenting your past experiences with The Wave and with us personally, emphasizing our commitment to our artists, especially our Canadian vocalists and instrumentalists. If you have a personal story that will illustrate the impact the Wave has had on your career in the music industry, we would so appreciate your sharing it with the Commission.
Please begin your letter with a clear statement of support for our application. Then explain why you think that our “Smooth Groove” format would be a welcome addition to the Vancouver market. You may have some thoughts beyond the obvious arguments that we’ll be adding diversity of choice for listeners and a new fresh sound, primarily from artists who do not get played on any other stations in Canada. Our dedication to live music around town and major show production will of course continue, once attending concerts is allowed again!
We thank you from the bottom of our hearts for your efforts to make “Vancouver’s Smoothest Groove” a reality! Our West Coast Wave will play an even balance of instrumental and vocal music and will be 40% Canadian in content. We are eager to get all our artists back on FM radio in Canada and introduced them to so many new fans.
With your help, we hope to be able to report on a favourable CRTC decision by late summer.
To mail your support: CRTC, Ottawa, Ontario K1A 0N2 To fax your support please send to 819-994-0218 for further instructions contact Cat Levan at email@example.com. www.wave.fm
Many thanks for your support,
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2009 successful fight to keep road out of Bear Creek Park breached by present Safe Surrey Councillors
The Mayor and Council, City of Surrey, B.C., at meeting Monday, February 22/21, passed 5-4—an amendment to the 10-year plan and project #7065 (84th Avenue through Bear Creek Park)—to be fast-tracked to give 84th Avenue extension through Bear Creek Park a 2-year priority.
Clrs Pettigrew, Locke, Hundial and Annis questions:
- the successful 2009 community fight to keep 84th Avenue from going through the south end of Bear Creek Park
- community opposition in the past to the environmental impact on the two Class A red-listed salmonid creeks (“Bear Creek” at about 13720 and “King Creek” at about 13800)
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