Share Allocation

Members that are actively using the wide-area radio system receive one Class A share for each participating service using the radio system. For example, a municipality receives one Class A share for its RCMP detachment, one share for fire, and one for any general municipal service (e.g. public works or parks). Because municipal police boards are separate employers, they are issued one Class A share when the municipal police department commits to using the radio system.

In order to protect the rights of Metro Vancouver municipalities that will want to use the radio service, Class B shares are issued for each service that intends to use the radio system but is not participating at the present time. Therefore, municipalities may hold a combination of Class A and Class B shares.

Function of Shares

As with any corporation, shareholders appoint a Board of Directors to make certain decisions on behalf of the shareholders. However, there are certain decisions that will be the responsibility of member organizations. Class A shares and Class B shares are given one vote each. Members vote through their Class A and Class B shares on the following issues:

  • winding up or dissolution of the company
  • amendment of the purposes of the corporation
  • cost-sharing formulae for new services
  • amendments to the existing cost share formula for services
  • amendments relating to the conditions for admitting new members
  • amendments relating to processes for appointing directors

Members holding Class A shares also vote on the following issues

  • amendments to the existing cost share program
  • borrowings exceeding those set forth in the authorized annual operating budget of capital budget
  • any matter which is referred to the member holding Class A shares by the Board of Directors

Members List

The following is the list of members of the E-Comm Corporation, and the shares that each holds: