Cooperative Director Responsibilities Roger G. Ginder- Economics Dept. Iowa State Univ.
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Transcript of Cooperative Director Responsibilities Roger G. Ginder- Economics Dept. Iowa State Univ.
Cooperative Director Responsibilities
Roger G. Ginder- Economics Dept.
Iowa State Univ.
Traditional Responsibilities—View from 30,000 feet
Roles and Responsibilities ---- Ground level view from the perspective of common decision areas
Discussion and Other Topics
1. Board and Management Working Together to Accomplish Success for the Cooperative
2. Non-Adversarial Relationship
3. Mutual Respect
4. Mutual Trust
1. Represent the members in making decisions for the cooperative
2. Oversee the business to make sure it is financially sound and operates in the best interest of its member-owners
1. Decision making
Establish objectives
Formulate policies
Approve programs and plans
Select general manager
Five Basic Board Functions:
1. Decision making
2. Advisory
Advise members of changes requiring their approval.
Counsel with management.
Advise members of the condition, performance, and any significant issues affecting the cooperative
Five Basic Board Functions:
1. Decision making
2. Advisory
3. Trustee
Directors act as trustees for the members and the employees
Monitor the stewardship of assets for protection of members capital
Ensure that the assets are used for the benefit of the membership in accordance with articles, by-laws and statutes.
Monitor and protect employee rights and interests
Five Basic Board Functions:
1. Decision making
2. Advisory
3. Trustee
4. Perpetuating
Management Develop potential managers. Select and guide effective managers
Board Maintain a capable and effective board Maintain a high level of board knowledge and
skills
Five Basic Board Functions:
1. Decision making
2. Advisory
3. Trustee
4. Perpetuating
5. Symbolic
Communicate with management and membership
Represent the cooperative to the industry Represent the cooperative to the community Clearly Differentiate Personal Views From
Board Views
How do we handle these responsibilities in actual practice?