Mornington Communications has been a co-op since 1994 and as a co-operative, it is owned by the members and governed by a Board of Directors. This unique distinction has enabled Mornington Communications to offer exceptional services at competitive prices and rewards members for their business by declaring annual dividends based on company profits.
Each time you subscribe to one of Mornington’s services, you are not just becoming a customer; you are making an investment in a company you own! As an owner of the co-operative, you are entitled to certain benefits that are not available to customers of big name companies. Two of these benefits or opportunities are:
Every year the Board of Directors review the financial operation of the co-operative. A portion of the margin may be allocated back to the members in the form of patronage. Members in good standing receive patronage annually as a credit on the February bill. The amount and on what services the patronage is paid on vary from year to year. Mornington has delivered a dividend each year since inception, starting in 1996, the first year following the initial year of operations in 1995. Patronage returns for 2011 were: 2.5%
Each year at the Annual Meeting, you have an opportunity to participate in the election of representatives to the Board of Directors. Their job is to oversee the operation of your co-operative and to protect your investment. Each year two Directors positions can be contested. Members are encouraged to review the by-laws of the corporation in order to understand the criteria required to run for election along with the process to become nominated and added to the election slate. See the link above to view the current version of our corporate by-laws.
The 2012 Annual General Meeting of Mornington Communications Co-operative Limited was held at the Perth East Recreation Centre on May 2nd, 2012. At the meeting, the financials for 2011 were presented to the members by the auditor. The recipients of the 2011 Scholarships were announced. Jackie McCourt was elected for a three-year term as a director and Mike Carter was returned for a three-year term. Mornington Communications would like to thank all the attendees for taking part at the Annual Meeting and making it a success.
For a complete look at the benefits, read our Membership Brochure for more information.
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