GREY:NMKEF - Post Discussion
Post by
Tcheck on Sep 18, 2020 2:05pm
when shareholders dont agree with board -see mec
a petition would be a good starting point
Worst case scenario:' Backlash grows over proposed MEC deal But some members are worried the transition from co-operative to private company owned by an American investment firm will change the business.
An online petition calling on the board of directors to cancel the deal and hold immediate board elections has received more than 86,000 signatures.
A joint statement from Co-operatives and Mutuals Canada and the British Columbia Co-op Association called on federal and provincial governments to confirm that “legislation has been fully respected allowing the sale of this iconic Canadian co-op retailer to a foreign entity, and that the best interests of MEC members, employees and the communities they serve are being given full consideration.”
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