Membership is Ownership: The Cooperative Advantage
By Marilyn Scholl 136 may - june - 2008 Interest in food cooperatives is growing, due both to increased interest in local, natural, and organic foods and to increased awareness of our economic vulnerability. More and more communities want the stability and accountability that a cooperative can offer. Cooperative ownership is an economic model that can create great benefits for our communities and member-owners. [...]
Budgets: The Board’s Plan for Governance Investment
By Michael Healy 135 March - April - 2008 The board of directors fulfills an essential governing role in a cooperatively owned, democratically controlled business. Few assets are more valuable to a cooperative than a board that functions well, learns what it needs to do its job expertly, and provides excellent leadership. Providing that excellent leadership requires expertise, and developing expertise requires investment. In [...]
Balance Sheets: Getting the Picture of Your Co-op’s Financial Position
By Mark Goehring 132 September - October - 2007 Our cooperatives aim to provide value on behalf of member owners and often take a wide-ranging approach on how to express and demonstrate that organizational accomplishment. When it comes to managing and reporting financial performance and condition, traditional financial statements do quite nicely. Financial statements are not good places in which to exercise “local control” [...]
Monitoring Report Decision Tree
This flowchart describes the steps and questions to use during the process of accepting or rejecting a monitoring report. Use during a meeting or beforehand to prepare yourself.
Handling Emotional Conflict of Interest
By Carolee Colter 130 May - June - 2007By now, probably most co-op boards of directors have a policy on conflicts of interest. For example, when a board member has a financial stake in a company that potentially or actually competes or does business with the co-op, this information is revealed to the board, and the affected board member may be barred from [...]