GSU convention delegates will elect five Defense Fund directors
When delegates to GSU’s 14th biennial convention meet on March 18 and 19, they will elect five union members to two-year terms on the board of directors of the GSU Defense Fund.
The elected directors oversee the administration and investment of the GSU Defense Fund assets (current market value of $5.2 million) and set policy for payment of strike/lockout pay for union members engaged in collective bargaining disputes. The board meets three or four times a year (or more often, if required) to review the Fund’s financial position, investment strategy and other administrative matters. Most meetings are held via conference call or video technology and paid union leave is arranged for participation in the meetings.
Every GSU member in good standing is eligible to be a candidate for a seat on the Board of Directors, although three seats are reserved for members from GSU Locals 1 (Viterra), 2 (Viterra), 14 (Richardson) or 15 (Nutrien). Union members who represent their Local on GSU’s Joint Executive Council cannot also be a director of the Defense Fund.
Candidates do not have to be delegates to the GSU biennial policy convention where the elections are conducted.
“It is useful to have knowledge of financial markets, but the main criterion to be on the board of directors of the GSU Defense Fund is a commitment to support union members’ welfare and collective bargaining rights when they get into a dispute with their employer,” said GSU general secretary Hugh Wagner. “Over the years GSU members have built up a sizeable resource to defend their interests, and the responsibility of Defense Fund directors is to ensure the money is managed well so it’s available when needed.”
Would you like to be a director on the Defense Fund Board?
GSU members who want to be candidates for the board of directors of the GSU Defense Fund are asked to notify assistant general secretary Lynn Woods by email to Lynn@gsu.ca.