reporting

Context Matters: Using Trends to Monitor the Financial Health of your Co-op

By Michael Healy When it comes to numbers and data, context matters. The context in which we place particular numbers helps us make meaning of those numbers, and this is particularly important when we are talking about financial data. Over many generations, managers and accountants have developed financial reporting tools that help them do their jobs. Balance sheets, income/expense (aka profit/loss) statements, and cash-flow [...]

Reporting During Expansion

Boards delegate to their GM the task of effectively managing the co-op’s operations, which requires a clear system of accountability to ensure the GM is doing this job well. How can a board and GM maintain this system of delegation and accountability during the more risky and busy time of an expansion project? How can the board be sure that good financial management continues [...]

De-Mystifying Ends

Table of Contents (links to youtube) Chapter 1: Governance = Accountability and Empowerment Chapter 2: Understanding Ends and their Role in PG Chapter 3: How to Write Effective Compelling Ends Policy Chapter 4: Effective Ends Policies: "Before & After" Chapter 5: Summary & Resources  

Maintaining the Governance Position in Grievance Procedures

How can the board express its values regarding staff treatment, and hold management accountable and be accountable to the member owners without getting directly involved in HR and staff issues? Human resource and staff issues, in particular, staff grievances, can become emotionally charged, affecting relationships throughout the cooperative and community. We advise that the board use a standard process of: set pre-established criteria assign [...]