Home » Governance & Policies

Governance & Policies

Co-op Governance

In addition to the above benefits of greater efficiency and economic growth associated with local community-level renewable projects, OREC’s projects are democratically governed through a co-operative model, which strengthens community engagement.

Members of OREC are residents of Eastern Ontario older than 16 who have purchased a member share and whose membership has been approved by the board of directors. Every member has one vote and may run for a position on the board.

The Board is made up of up to fifteen directors who are elected by the members at the annual general meeting. Directors serve for three-year terms and are not remunerated. The Co-op holds director and officer insurance for the activities of the board. The board is responsible for contracts, projects, reserve funds, dividends and surplus distribution, and borrowing.

Advisory committees have been formed to advise the board on business, technical, and communication issues.

OREC is incorporated as a Renewable Energy Co-operative with share capital under Ontario’s Co-operative Corporations Act and operates under Bylaws that are reviewed by the membership at each Annual General Meeting.

Read more about becoming a member and investing in OREC.

OREC adheres to the 7 principles of co-operative governance:

  1. Voluntary and Open Membership
  2. Democratic Member Control
  3. Members’ Economic Participation
  4. Autonomy and Independence
  5. Education, Training and Information
  6. Cooperation among Cooperatives
  7. Concern for Community

The Ontario Co-operative Association logoOREC is a member of the Ontario Co-operative Association, who have put together this introduction to the durability and diversity of the co-operative business model.

OREC’s Policies

Overview

The Ottawa Renewable Energy Co-op is guided by various policies.  These policies have been developed and fine tuned over time by the membership and the board of directors.  We are in the process of making more of these policies available to the public and to our membership.  Please refer back to this page in the near future for more updates.

Collaboration Policy

OREC is interested in entering into collaborations with organizations that share and advance our vision and goals.

OREC Collaboration Policy (.pdf)

Project Terms of Engagement Policy

This Policy is designed to guide the OREC Board and staff in the procurement of renewable energy (RE) project installations and encourage collaboration with RE project developers when they seek our participation/financing of appropriate RE projects.

Terms of Engagement Policy (.pdf)

Non-Member Loan Policy

This Policy is guide the OREC Board in accepting loans from non-member organizations that share the co-op’s vision and goals.

OREC Non Member loan Policy (.pdf)

Subscribe To Our e-Newsletter

Sent 2x a month; be the first to know about investment opportunities, OREC news, and relevant events throughout Eastern Ontario.

You have Successfully Subscribed!