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Monthly Archives: October 2022

Online in November: Financial Training for Directors

By |2023-05-05T20:04:47-04:00October 26th, 2022|

Enrollment for Columinate's Financial Training for Directors is open! This will be the last session of this series in 2022, and we'd love to see you there. Monitoring the financial health of the organization is often the most intimidating responsibility assigned to co-op directors—but it doesn’t have to be! This training “covers the most important and critical aspects of co-op finances in a thoughtful, easy-to-understand manner,” explains Dave Olson, senior director of retail support at National Co+op Grocers. “Whether [you] just need a refresher or are entirely new to financial concepts, this virtual series can empower [you] to understand and participate in financial conversations with confidence.”

Columinate Compensation Database: What it tells us about other management positions

By |2023-05-05T20:04:48-04:00October 18th, 2022|

Since its launch in the summer of 2021, the Columinate Compensation Database has gathered a wealth of data on management compensation in food co-ops.,The database covers not only general managers, but also managers on every level, from members of senior leadership teams to department managers in multi-store co-ops. As I hope this update will make clear, the more that co-ops participate and provide data, the more useful the database becomes to everyone.

Governance for Co-op and Nonprofit Boards Part 2

By |2023-05-05T20:04:49-04:00October 10th, 2022|

In 2014, Columinate introduced co-ops to the Four Pillars of Governance in an effort to show how the Policy Governance model fits in a broader framework of governance. As part of his work as a Visiting Scholar at the Vincent and Elinor Ostrom Workshop on Political Theory and Policy Analysis, Art Sherwood collaborated with Marilyn Scholl and others from Columinate to create this model to help organizations govern flexibly and effectively. A model is a way of framing so that the parts and processes make sense. Our Four Pillars model is not about changing systems but is a new way of making sense of governance. In the eight years since we introduced it, we have found that it helps organize board thinking about the complex task of governance. It does not supplant other theories or systems of governance, but rather provides a framework for boards to use in developing and applying those systems.

Governance for Co-op and Nonprofit Boards Part 1

By |2023-05-05T20:04:50-04:00October 10th, 2022|

Often challenges within the board stem from a lack of agreements about governance. Cooperatives and nonprofit organizations differ in key ways from private corporations. Perhaps most importantly, operating within a defined social purpose requires skillful and conscientious governance by the board of directors—and the board’s leadership is felt throughout the entire organization. Governance is the act of steering an organization toward success. It consists of answering key questions, defining roles and responsibilities, and establishing processes for setting expectations and ensuring accountability.

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