MJDOnline explained the issues 14 September 2011, Don McKee: Decision day comes Saturday for Cobb EMC members
There are two questions in the form of proposed bylaw amendments to be decided by members Saturday: (1) whether to allow mail-in voting for directors, and (2) whether to prohibit payment of retirement benefits to directors.One would guess the second item on the ballot passed:
Reform groups Cobb EMC Owners Association, Take Back Cobb EMC and Cobb EMC Watch strongly oppose allowing mail-in voting until new directors are elected. They argue that mail-in voting would give an overwhelming advantage to incumbent directors with unlimited EMC member funds at their disposal in campaigning for re-election versus the very limited funds available to challengers.
“The historical evidence of mail-in voting shows that it favors the incumbents over challengers,” Cobb EMC Watch says. “It gives the corporation tremendous leverage to manipulate and influence the voting process. The corporation can use its much greater financial resources to back its slate of candidates.”
The second proposal, eliminating fat retirement benefits for directors (incumbents have racked up $211,000 in future benefits already), looks like a slam dunk. Even the EMC management is supporting this change to undo one of the egregious doings of this board of directors.The insurgents out-organized the incumbents, including demonstrating outside the building where the meeting was held. Maybe there will be some new faces on the Kremlin wall.