Louisiana Land Bank, ACA (“Association”), holds a yearly election for members of its Board of Directors (“Board”) and its Nominating Committee as part of its Annual Meeting of Stockholders. The Board is responsible for establishing policies, providing strategic direction, hiring the CEO, providing a management succession plan, and overseeing all major Association management functions. The Nominating Committee is responsible for identifying, evaluating and selecting qualified willing candidates for expiring Board positions and for the Nominating Committee for the following year.
To be considered as a nominee to serve on the Board of Directors or the Nominating Committee, please click here to access, complete and submit a Nominee Information Statement. This personal profile will assist the Nominating Committee in evaluating the qualifications of interested stockholders. However, the Nominating Committee will also be provided a list of all eligible Association stockholders for consideration as nominees in the election and is under no obligation to consider or nominate a stockholder who has submitted a Nominee Information Statement.
The Association’s geographical territory is divided into nine director regions. One stockholder from each region is elected to represent his or her region as a director for a three-year term. Stockholders from outside of the territory are assigned to the region where his or her loan is serviced. The terms of the nine stockholder-elected directors are staggered so that three director positions are up for election each year in order to ensure Board stability and continuity across the election cycles.
Click here for a map of the nine director regions.
Click here for more information on Board Responsibilities and Standards of Performance.
Contact the Corporate Secretary by telephone at 318-387-7536 with questions about eligibility, the election process, or if you prefer to receive a mailed copy of the Nominee Information Statement.
The Nominating Committee is a committee of the stockholders, comprised of nine members and alternates, who are elected by the voting stockholders of Louisiana Land Bank to serve a one-year term. The Nominating Committee is not a committee of the Board but is formed and controlled by the voting stockholders of the Association. The Nominating Committee’s independence is critical to the success of the cooperative structure of the Association because it ensures that representatives of the voting stockholders, not the current Board members or the Association’s management, choose the slate of candidates for the director positions and for the Nominating Committee.