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15th Jan, 2013

Agile and Efficient: Board Committees and Structures that Work

By |2023-05-05T20:08:08-04:00January 15th, 2013|

By Todd Wallace 164 Jan-Feb 2013 The use of committees by boards is ubiquitous—as it should be, considering a small group’s agility when compared to a whole board. Unfortunately, boards often end up with unwieldy committee structures, groups that take up time and resources with little to show for it, or committee participants who feel burnt out and overworked. To avoid these undesirable results, consider the following suggestions when [...]

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16th Jul, 2012

Healthy Board Dissent

By |2023-05-05T20:08:40-04:00July 16th, 2012|

By Todd Wallace 161 July - August - 2012 Our co-op boards are groups elected and charged with a common purpose: fulfilling the legal and moral obligations of their co-op, on behalf of a diverse set of member-owners. Their fiduciary responsibilities demand high-quality deliberation and decision-making to ensure both the cooperative's fiscal prosperity (its health as an enterprise) and the continued relevance and achievement [...]

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16th Sep, 2010

Meaningful Metrics: General manager reporting closes the accountability loop

By |2023-05-05T20:21:36-04:00September 16th, 2010|

By Todd Wallace 150 September - October 2010 Successful reporting is essential to maintaining a positive board-management relationship. A sound process—one that includes the creation of meaningful metrics—is a powerful tool that closes the accountability loop and demonstrates organizational accomplishment. Having these two components in place builds alignment, engagement, and commitment to the accomplishment of the co-op’s long-term goals. A board’s work includes two [...]

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8th Sep, 2016

Master the Fundamentals of Governance Leadership

By |2023-05-05T20:06:50-04:00September 8th, 2016|

Good leaders often ask this question:  what would set us up for success?  Most of the time the answer is simple.  Master the fundamentals.  By being good at the basics—like being committed to consistent governance systems and applying respectful, inclusive communication to discussions and decisions—success as a board member is most-likely assured.  Yet, it’s harder than it looks in practice.  That’s exactly why fundamentals [...]

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9th Apr, 2020

Library

By |2023-06-21T14:47:01-04:00April 9th, 2020|

Popular searches: Popular searches: TOPICS What's New Read More >> Impact Stories Read More >> Cultivate Your Community Read More >> Diversity, Equity, and Inclusion [...]

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12th Sep, 2018

Generating Board and GM Efficiency through Monitoring

By |2023-05-05T20:27:09-04:00September 12th, 2018|

When Anne Carter came to Medford Food Co-op in Medford, Oregon, the startup co-op had been open for two years and was still establishing its operations and governance. Their internal situation was mirrored in the community-at-large. Medford was once a logging town, and the current 225,000 inhabitants were transitioning their economy to tourism and business services. That new dynamic, and a focus on health and sustainability, also led to the creation of the food co-op.

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1st Nov, 2014

Establish Platform for Strong Cooperative Direction through Board-GM Relationship

By |2023-05-05T20:07:48-04:00November 1st, 2014|

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 [...]

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16th Nov, 2014

Reinventing our Cooperative Democracy: A Conversation

By |2023-05-05T20:07:43-04:00November 16th, 2014|

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 [...]

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1st Nov, 2011

Audits & Reviews

By |2023-05-05T20:33:37-04:00November 1st, 2011|

An essential part of a co-op board’s fiduciary duty is the annual external monitoring of their co-op’s finances and financial systems. This Field Guide introduces a process for making important board-level decisions about the two standard types of external monitoring: audits and reviews. Choosing audits or reviews An audit of financial statements is a thorough examination of the cooperative’s financial statements, allowing the auditor [...]

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