A dashboard can help boards of directors pay attention monthly to key indicators of financial health. This dashboard review can occur in between the quarterly monitoring reports on the board’s "financial conditions" policy. A dashboard is intended to supplement, not replace, monitoring reports; those reports are the place for more detailed information about the key indicators and the longer-term trends.
Over the years I have worked with and served on governing boards, I have observed many director resignations, some sudden and unexpected, others more drawn-out and planned; some fiery and dramatic, and others typically routine. I myself resigned from a board I had served on for many years!
Shared challenges in board governance have perennially driven co-ops to establish shared resources and services. Consultants and collaboration around governance and leadership development have been key to building shared cooperative identity and local community impact. From the early days of the Cooperative Board Leadership Development (CBLD) program, consultants serving co-op boards and other mission-driven organizations have been asking the question, “What resources do [...]
Many cooperatives, social justice organizations, and businesses have begun to directly confront their own role in the social systems that perpetuate racism and inequity. Boards of directors who use Policy Governance® should feel empowered to use their policy document to clarify their expectations around the work of dismantling systems of racism and oppression.
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 [...]
Co-op employees will at least occasionally bring complaints and concerns to the board or individual directors, yet the board itself is ill-suited for the task of handling these concerns. Employees deserve to have their concerns addressed professionally. In addition, direct board involvement can interfere with the authority already delegated to the GM, or can exacerbate already sensitive issues by inserting even more personal relationships into [...]
What’s the difference between an excellent board president and a so-so one? Being an effective president requires a host of proficiencies, attributes and knowledge—it’s no easy job! A mix of people skills, the talent to manage and a curiosity and willingness to develop a keen understanding of your co-op’s business are key traits of any good board president. From facilitation savvy, the ability to [...]
Ben Sandel is a board leadership consultant and capital campaign expert working with startups and established co-ops helping them to reach their fundraising goals using best practices and clear planning gleaned from a multitude of successful fundraising efforts from food co-ops and startups nationwide. In this short presentation, Ben imparts some great top-level wisdom about how to plan and organize a successful campaign and [...]
All board committees should have a charter – a description of the committee’s purpose and authority. One person, generally the board secretary, should have primary responsibility for drafting charters as directed by the board. This helps the board have a consistent approach for how charters are written. Committee charters should include: The lifespan of the committee (An ad hoc committee should exist only as [...]
As a general practice, boards should avoid making decisions between regular meetings. A large part of the value of having a board in a leadership position is that good decisions can come from incorporating many peoples’ perspectives; making decisions without meeting deprives the board of the opportunity to glean the wisdom of all directors. Secondly, it can take a lot more time and energy [...]
