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TVARS Special Meeting Called for November 6 on Retiree Voting for 7th Director

Sam DeLay, Jim Hovious and I called for a Special Meeting to be held on November 6 to discuss and vote on amending the TVARS Rules to improve TVARS governance and provide more accountability to TVA retirees. We propose that the TVA retiree TVARS Board Director (the 7th director), currently selected by the other 6 directors, instead be elected by the entire retiree population commencing with the term beginning November 1, 2018. This is the term immediately following the expiration of Allen Stokes’ current term. We also propose to amend the rules to stipulate that the 7th director be free of any financial ties or business relationships with TVA, with the exception of receiving a TVARS pension.

These proposals would:
  • ensure that the board always has a full complement of seven members, including a TVA retiree; and
  • reduce the likelihood of a conflict of interest arising with the 7th Director.
Four votes are required to approve our amendment. We hope that the current TVA retiree director and the three TVA appointed directors will each keep an open mind as they consider the merits of our proposed amendment. We also hope that they will consider the wishes of TVA retirees. 

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