As a proudly "member-owned" company, aren't we supposed to have a Board elected by our members?
5 replies (most recent on top)
There is nothing illegal about the Board but there is little to no transparency. Most members do not know the company is 'member owned' and what that means for them. They would likely be shocked at the size of HCSC's reserves, the longevity of the Board Chair not to mention his salary over the last few years!
It sounds like people are giving false answers to try and suppress our vote.
The board maintains the vast majority of voting rights on behalf of members through the proxy process, so they effectively elect themselves.
That is not how a mutual legal reserve co works. There isn’t anything illegal about how the company’s board members are elected.
Yes the details of how and when to vote are included in the annual notice that we as members receive each year.