It’s very common for conflicts of interest to be present on the board of a retail food co-op. Some even joke that conflict management is at the heart of cooperation. And in a way, it’s true. The legitimacy of a board’s decision depends in large measure on the board’s ability to demonstrate that the decision was made to further the best interests of the [...]
An effective orientation for new directors can help your board quickly integrate and benefit from the contributions of its newest members – shortening and decreasing the intensity of the naturally occurring “storming” phase that occurs when integrating new members into your team. While there will still be plenty of “on the job” learning during the first several board meetings, a good orientation process can [...]
In order to be effective in leading a retail food cooperative, a board must protect the integrity of its process. Two keys to sound board process are the ability to speak with one voice and the ability to protect confidential information. Most often these objectives are achieved with a shared understanding of the board’s roles and responsibilities, by establishing a set of clearly articulated [...]
By Carolee Colter 130 May - June - 2007 By 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 [...]
