Board perpetuation is a key task for directors, and actively pursuing it throughout the year (and every year) creates a powerful influence in the quality of board work. The first step is having a strong list of potential candidates before the election cycle. There are a variety of components to building a candidate pool, from board to member communications (newsletter articles, social media, email, [...]
Ozark Natural Foods Fayetteville, Arkansas Year founded: 1971 Member investment: $140 Number of members: 9,300 Number of staff: 97 Retail square feet: 9,000 Ozark Natural Foods had a legacy of internal conflict and high board turnover. Historically, people didn’t necessarily run for the board because they wanted to serve the membership, but wanted to use the board as a platform for promoting their own [...]
When boards and management make decisions with the long game of co-op impact in mind, a powerful relationship with owners can develop. Strategic decision-making can be an opportunity to build a strong, participatory co-op culture that understands that the leadership is obliged, by virtue of its fiduciary responsibility, to make decisions to benefit the co-op and accordingly, its owners. Owners typically have high expectations [...]
Cooperative boards of directors are small groups of people who influence the future of the world. They are committed citizens who think and learn and work together for something that together they find relevant and compelling. Directors are practically the direct descendants of the Rochdale Pioneers. Like their “ancestors,” the goal of cooperative boards is to make their utopian way of thinking about the [...]
