Board Information
Capital Credit Refunds: The Board of Directors authorized payment of capital credit refunds totaling $2,463,764, including the remaining unretired credits from 2008 and a portion of the credits allocated in 2009. Capital credit refunds are processed in October.
Board Policies: Each year the Board Policy Committee reviews 20% of the board policies. The Board of Directors approved revisions to the Board of Directors Meetings, Remuneration & Fees, Political Contributions, and Member Privacy and Confidentiality policies.
Investment Guidelines: The Board approved a request by management to update SE’s Investment Guidelines policy to include the option for longer-term investing.
General Manager’s Report
Tony Schacher reported that SE’s Keizer Franchise Agreement has been extended until March 18, 2025, to allow for time to complete negotiations. The results of the employee engagement survey are in, and the management team will be meeting in October to discuss the results.