GM Report Support 01: Ends Panel Discussion
Panelists: Clem Nilan, Onion River/City Market, Burlington VT
Meaningful Metrics: General manager reporting closes the accountability loop
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 [...]
Acting on Ends Reports
When a board receives an Ends monitoring report from their manager, a thoughtful process can transform the report from just another document to file away into a valuable resource that helps the board, the manager and the co-op’s member-owners better understand the “story” of their co-op. The board wants to know: Does the report demonstrate reasonable accomplishment? Are we on track for multi-year goals/targets [...]
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.