It’s time for one of the most highly anticipated events of the year; The Annual General Meeting. The Cayuga Mutual AGM is one of our favourite times of year because we get to review all of our amazing accomplishments as well as look ahead to what’s next.
Here are a few reasons why you should consider joining us on March 19, 2020.
1. If You’re a Policyholder, You’re a Member of the Company
We know what you’re thinking, “Annual General Meeting, I thought only stockholders got to attend those things.”
Not at Cayuga Mutual. Unlike large insurance companies, there are no stockholders at a mutual insurance company, therefore anyone who has a policy with us is a member with voting rights. Welcome to the team!
2. See How Your Company is Performing
Let’s go ahead and call it your company. By joining us at the Annual General Meeting, you’ll get to see real numbers on how Cayuga Mutual is performing.
We will be receiving the Annual Financial Statement and Auditors Report for 2019. If you want a sneak peek, you can see the Annual Report here anytime after March 5, 2020.
3. Choose Your Leaders (and It Could Be You!)
How many companies have you worked with let you actually vote in members of the Board of Directors? These are the members who will help guide the company and uphold our values on your behalf.
At this year’s AGM we will be electing one Director for a two-year term and three Directors for a three-year term. Any policyholder can seek election to be on the Board of Directors and directly influence the future of Cayuga Mutual.
If you wish to run, simply file a nomination form with the Secretary of Nomination by February 19, 2020. At Cayuga Mutual, your voice is always heard, and electing board members is just one of those ways.
4. Influence the Future of the Company
At the Annual General Meeting, the members will consider, and if appropriate, approve company by-law changes that have been passed by the Board of Directors. Amendments to the by-laws do not become effective until after confirmation by the Members at the AGM. As a policyholder and company member, you have a vote in this important process.
There are a number of addendums to discuss at this year’s meeting, specifically of By-law #1. To get a copy of the proposed changes that will be voted on at the AGM, you can request a copy from our head office during normal business hours.
5. Meet Fellow Company Members
It’s always nice to meet like-minded people who are as invested in Cayuga Mutual and supporting local as you are. Together, you can discuss new ideas and get a fresh perspective on what’s going on with the business.
Plus, since a lot of our policyholders come from the Cayuga area, you might even see friends and neighbours at the meeting.
One of the major benefits of being a policyholder at Cayuga Mutual is that it automatically means you’re a member with voting rights. We value your opinions and encourage everyone to take part in the future of the company.
Join us on March 19, 2020 at 10:30 am at Ruthven Park, 243 Haldimand Hwy #54, Cayuga. We will see you there!