Nominations for member and independent directorships.

CFR · 2024-01-01 · US · Title 12

Within a reasonable time in advance of an election, a Bank shall notify each member in its district of the commencement of the election process. Such notice shall include: (a) (1) The number of member directorships designated for each voting state in the Bank district and the number of independent directorships for the Bank; (2) The name of each incumbent Bank director, the name and location of the member at which each member director serves, and the name and location of the organization with which each independent director is affiliated, if any, and the expiration date of each Bank director's term of office; (3) A brief statement describing the skills and experience the Bank believes are most likely to add strength to the board of directors, provided that the Bank previously has conducted the annual assessment permitted by § 1261.9 and the Bank has elected to provide the results of the assessment to the members; (4) An attachment indicating the name, location, and FHFA ID number of every member in the member's voting state, and the number of votes each such member may cast for each directorship to be filled by such members, as determined in accordance with § 1261.6; and (5) If a member directorship is to be filled by members in a State, a nominating certificate for those members. (b) (2) The nominating certificate shall include the name of the nominee and the name, location, and FHFA ID number of the member the nominee serves as an officer or director. (3) The Bank shall est

official document · source cfr-2024 · id 12:§ 1261.7