Call for Candidates for the GRF Board of Directors, Even-Numbered Mutuals Only
The election cycle for the Golden Rain Foundation (GRF) Board of Directors representing Mutual 2 (two seats) and Mutuals 4, 6, 8, 10, 12, 14 and 16 (one seat) begins in February. A Mutual Board of Directors may appoint a nominating committee for the purpose of recommending a candidate for election, who will be given candidate instructions by the Stock Transfer Office. Candidates may also self-nominate. A candidate may be a member who is an officer or director of a Mutual Corporation; of any City Council; of the Orange County Board of Supervisors; of the City of Seal Beach or the County of Orange Planning Commission. A member of any entity or partnership or an officer or director of any corporation engaged in supplying material or labor to GRF is discouraged from running for the Board. This may cause a potential conflict of interest, causing an unnecessary liability including, but not limited to, breaching fiduciary duties.
Candidates cannot be convicted of a crime that would either prevent GRF from securing fidelity bond coverage or terminate GRF’s existing coverage. The candidate must be current in the payment of carrying charges which does not include non-payment of collection charges, late charges, fines, remove assessments, costs levied by a third party, or if the member has paid regular or special assessments under protest per Civil Code Section 5658, has entered into and is currently on a payment plan, or if the member has not been provided with the opportunity to engage in Internal Dispute Resolution (IDR). Candidates must be members of GRF for at least one year. Renters/lessees of a unit within a Mutual are not eligible.
Each candidate is required to submit a statement to the Stock Transfer Office of more than 300 words, in 12-pt font, single-sided, written in compliance with the election rules and contain the background, qualifications, and platform of the candidate, and shall not contain any disparaging or defamatory content. The statement will be mailed out with ballots.
Candidates should refer to GRF By-laws, Article Six, Section One, and complete an Eligibility Disclaimer. Application for Candidacy forms and GRF Directors Handbooks are available in the Stock Transfer Office in the Administration Building, and should be submitted by Friday, Mar. 29, 4:30 p.m.
