At the 2015 annual meeting, the CHS Board of Directors recommended approval of proposed amendments to the company’s Articles and Bylaws:
- Modify the CHS membership definition to remove the requirement that cooperative members be producer-only cooperatives. Today, cooperatives doing business with CHS may have non-producer members, and some may have non-producers serving on the cooperative’s board. These arrangements are not consistent with the current producer-only membership requirement.
- Give the Board of Directors the flexibility to approve non-member patronage arrangements by permitting the Board to establish policies for these arrangements rather than having to include the rules for those arrangements in the Bylaws.
- Remove obsolete references to the former Cenex, Inc.; Cenex Supply and Marketing Division, and the Company’s Defined Business Unit/Member program.
During the business portion of the Annual Meeting, delegates voted to defer action on the proposed amendments. The CHS Board is now determining next steps on this important governance issue and wants to hear from member-owners. Please complete this survey and return it by
Feb. 15, 2016. Your feedback is important.
