Special General Meeting
NOTICE IS HEREBY GIVEN THAT a special meeting of Members (the “Meeting”) of the Alberta Mortgage Brokers Association (the “Society”) will be held at:
Date: Sunday, May 27, 2018
Location: Fairmont Chateau Lake Louise (111 Lake Louise Dr., Lake Louise)
Time: 3 p.m.
Join us May 27 to learn more details about the joint-membership plan!
We are proposing a joint membership fee model for AMBA and Mortgage Professionals Canada that will require a single Alberta membership to belong to both associations. Nothing else changes in AMBA's structure — remaining an independent Alberta entity maintained by its own staff and board of directors. There is potential savings to those who currently belong to both associations.
Our working partnership the past few years has given us both new strength in the province and across the country and this is a logical next step that ensures Albertans no longer feel a need to choose whether it is more important to support the provincial or national perspective when both are working together toward the same goals.
More also needs to be done to ensure AMBA will be able to better serve its members for decades to come regardless of uncertainties that come with changing regulatory mandates and economic ebbs and flows. With a relatively small pool of licensed industry professionals in the province, our future depends on more of them becoming involved in their associations. To that end, we are proposing changes to the way our corporate memberships function, with our brokers of record determining the status of their staff.
All proposed amended bylaws can be found here for your review. You are strongly urged to independently review the entirety of the proposed bylaws attached.
Bylaw Change Executive Summary: Significant changes to the by-laws are summarized as follows: the “Licensed Member” category has been revised. It now states that if a Licensed Member works for a mortgage brokerage that it is a requirement of membership that all other “brokerage staff” also become Licensed Members. Brokerage staff in this instance meaning people within a mortgage brokerage who are mortgage brokers, mortgage agents, independent mortgage contractors, mortgage associates, mortgage sub-brokers or hold any other similar positions as determined by the Board from time to time. Further changes have been made to explicitly state the objectives of the Association, containing a reproduction of the objectives included in the application as required by the Societies Act (the “Act”). In addition, the requirements of passing a special resolution have been expanded and clarified pursuant to the requirements of the Act. There has also been an addition of section contemplating the power of the Board of Directors to appoint committees or advisory boards. Finally, numerous changes have been made throughout the bylaws with regards to defined terms to create consistency throughout the document (for example, with regards to the definition of Members).
*The Executive Summary is only intended as a summarization of some of the major items that have been changed in the proposed bylaws. It is not intended as a full and comprehensive summary of the proposed changes, nor should it be relied upon as one. In receiving this form of notice and proxy you are strongly urged to independently review the entirety of the proposed bylaws attached.
How to cast your vote
It is critical that you have your vote counted regardless of whether or not you are able to attend in person.
Members who plan to attend must register, and those unable to attend need to complete the online proxy in order to appoint another AMBA member to vote on your behalf. If you do not complete this proxy, your vote will automatically be assigned to the AMBA President.
Click here to access the online proxy and enter the following details:
Election ID: your email address (please use the email address that this email was sent to in lowercase format, i.e. firstname.lastname@example.org)
Password: your first name (The first letter of your first name must be in uppercase, i.e. Samantha)
*To be valid and acted upon at the Meeting, proxies must be completed no less than 48 hours (excluding Saturdays, Sundays and holidays) before the meeting. Only members in good standing as of May 3, 2018 may participate. If you are attending the Special General Meeting, please ensure you are registered by clicking on the button below. You must log into your account to register.
If you have any issues, please contact Samantha Gill at Sgill@amba.ca
We're sorry, but no products are available to purchase for this event, at this time. Please consult the registration period above for more information about when any event registration periods will occur.