As co-op leaders recognize that reinvestment in their business is critical to long-term sustainability, they need some tools to help them assess whether any particular reinvestment makes sense. When business expansion is on the list of possibilities, the risks are higher and so the assessment needs to be more rigorous. Leaders must certainly undertake adequate due diligence before finalizing an expansion project, but how [...]
Boards can use this survey tool to do a broad, self-assessment of their own work. It utilizes the 4 Pillars of Co-op Governance as an organizing lens with some broad, key characteristics to fit under each Pillar: Teaming, Accountable Empowerment, Strategic Leadership and Democracy. By asking team members to fill out the survey and then reviewing the data, a group can build a broader [...]
By Thane Joyal 166 May-June 2013 Why is it that some of our retail food cooperative boards really make a powerful difference in their communities, while others flounder? What can we learn from strong boards, and what can we learn from those that are struggling? This article focuses on two key and interrelated practices: self-awareness, and self-discipline. These operate at two levels: at the [...]
By Rose Marie Klee 150 September - October 2010 Board of directors’ self-evaluation is the act of reflecting upon the past in order to constantly improve. It is rooted in a sincere commitment to providing high-quality governance as trustees of an organization. When a board practices periodic evaluation, each director comes to better understand the expectations for individual directors, as well as the entire [...]
