Cooperative managers are charged with creating reports that demonstrate financial accountability to the board. Yet some managers struggle with having the right amount of information for their boards. When it comes to financial reporting what is the right amount? In the Columinate Library in the GM Report Support section, managers can find templates for financial conditions monitoring reports that gives boards the valuable information they [...]
We all spend a lot of time in meetings, but not all meetings are an effective use of our time. Here are nine simple steps to make your meetings more effective and worth the time. Meeting Purpose. Why is this a group meeting? If it’s a standing group meeting, such as a bi-weekly management team meeting, articulate the group’s purpose clearly to [...]
By Art Sherwood, Todd Wallace 175 November-December 2014 In 2013, the International Cooperative Alliance, in its “Blueprint for a Cooperative Decade,” identified the elevating of participation as a key component of its 2020 Vision for more and stronger cooperatives. The “Blueprint” states that, “Democratic member participation is the best-known feature of the co-operative way of doing business and a major part of what characterizes [...]
By Thane Joyal 175 November-December 2014 Within a consumer cooperative, the purpose of electing the board of directors from among the owners is to democratically control the co-op. All fiduciary responsibility for the cooperative rests with the board of directors. Consequently, everything that happens because of the cooperative happens because of the board of directors. How do we make our board elections meaningful in this [...]
The relationship between the board and general manager is of paramount importance to any cooperative because both parties provide a connection to the co-op’s main constituency: owners. The co-op owners trust that their elected representatives will provide good governance on their behalf, resulting in positive outcomes toward fulfilling the co-op’s goals. In turn, the board delegates responsibility to management to carry out operational strategies [...]
Joe Marks had been the board president at the startup Monadnock Food Co-op in Keene, NH for three years. Marks had been instrumental in leading the co-op from its founding to operational governance. He’s currently finishing his current board term with one year left, but not as an officer. His new role as an at-large board member is to act as a resource [...]
From September 2014 Our CBLD team recently updated our set of template policies (which you can find in “Sample Policies” section of the CBLD Library) to incorporate new learning and feedback from our client boards and managers. The new “Planning and Financial Budgeting” policy template was redesigned in order to help boards and managers focus attention on Ends accomplishment. Now, in the GM Report [...]
