Relating to access by the members of electric cooperatives to meetings of the boards of directors and certain information of the electric cooperatives.
Impact
The impact of HB 1390 is substantial for electric cooperatives. It mandates that director elections must be fair and transparent, limiting the power of boards and their committees in casting proxy votes in certain situations. This aims to increase member involvement in cooperative governance, particularly in larger cooperatives with over 210,000 members. Furthermore, the bill requires cooperatives to maintain a record of board meetings and make them available for member inspection, enhancing operational transparency and member rights.
Summary
House Bill 1390 addresses the governance and operational transparency of electric cooperatives in Texas by mandating enhanced access for cooperative members to board meetings and relevant information. This legislation explicitly defines 'board meetings' and establishes rights for members regarding attendance and participation in these meetings. The bill emphasizes that meetings must be appropriately noticed to members to foster engagement and maintain accountability within the cooperative management framework.
Contention
While proponents argue that the bill strengthens democratic practices and safeguards member interests, there are concerns regarding its implementation and potential burden on cooperatives, particularly smaller ones. Opponents of the bill may cite that the heightened transparency and member access requirements could complicate governance and lead to inefficiencies. Debates may arise over specific provisions such as the restrictions on proxy voting and the obligations to report on board meeting records, which could impose additional administrative responsibilities.
Identical
Relating to access by the members of electric cooperatives to meetings of the boards of directors and certain information of the electric cooperatives.
Relating to the San Antonio River Authority, following recommendations of the Sunset Advisory Commission; altering the terms of office of the members of the board of directors of the authority.
Relating to access by the members of electric cooperatives to meetings of the boards of directors and certain information of the electric cooperatives.
Relating to the governance and disclosure requirements of electric cooperative corporations and the review of complaints of electric cooperative corporation members by the Office of the Attorney General.
Relating to access by the members of electric cooperatives to meetings of the boards of directors and certain information of the electric cooperatives.
Relating to access by members of certain electric cooperatives to meetings of the boards of directors and certain information of the electric cooperatives.