Jun 19, 2020
The Canadian financial services co-operative reported to members on 2019 performance and its response to COVID-19, including over $600,000 in funding to support communities
GUELPH, ON, June 19, 2020 /CNW/ - Today, 45 of the 46 member organizations of The Co-operators Group Ltd., representing seven regions across Canada and sectors including healthcare, retail, agriculture, housing, financial services, and more, successfully joined a virtual Annual General Meeting to carry out the necessary governance of the organization in its 75th anniversary year. During the meeting, members were provided an overview of the co-operative's 2019 governance, financial, sustainability and strategic performance, as reported in its 2019 Integrated Annual Report.
"Together, we hold The Co-operators in trust, and it's our responsibility to protect it for future generations," said President and CEO Rob Wesseling during his remarks. "Amid the disruption facing our members, clients, communities, and the world around us, our strategy is designed to do just that. As we move forward, we do so with a clear direction – to ensure a smooth transition to a more resilient, sustainable future for our clients, our members, Canadians, and their communities."
2020 AGM highlights
Member organizations were updated on efforts to support clients, employees and Canadian communities through the impact and recovery from COVID-19, including:
The Co-operators 2019 Integrated Annual Report
This report is The Co-operators Public Accountability Statement, and communicates how the group of companies creates financial and non-financial value for its clients, member organizations, employees and Financial Advisors, and Canadian communities. Highlights include:
New this year, The Co-operators issued its inaugural Task Force on Climate-related Financial Disclosures Report, Managing Climate-related Risks and Opportunities available online at cooperators.ca/reports.
New members and changes to the Board of Directors
The Co-operators officially welcomed two new co-op members: Exceldor – a co-operative of 388 member poultry producers that merged with previous member Granny's Poultry Cooperative (Manitoba) Ltd.; and Bee Maid Honey, representing honey producers in Alberta, Saskatchewan and Manitoba.
The following changes were made to the Board of Directors:
About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $47.3 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is ranked as the Corporate Knights' #1 Best 50 Corporate Citizen in Canada and listed among the Best Employers in Canada by Kincentric (formerly AON). For more information, visit www.cooperators.ca.
SOURCE The Co-operators
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