The Role of the Board in Co-op Governance
By Gwyneth Bowman, Vice President
After serving on the AFC Board for fourteen years my passion for the Co-op model has strengthened my commitment to the Cooperative Principles and Values. Of special importance is how we work together as a governing body with one voice. We are the ultimate decision-makers of our Co-op and hold a trusteeship for the benefit of our owners and community.
I’m often asked what the difference is between the Board’s role and responsibilities and those of the General Manager. My answer is a bit complicated because we work so closely with the GM for the benefit of our Co-op. The Board holds the GM accountable for managing day to day operations. All corporate powers are under the authority of the Board and all AFC business affairs are managed under the direction of the Board.
Specific Board responsibilities include developing annual objectives, long range goals and strategic priorities. We monitor all financial management and approve our operating budget and capital expenditures. We hire and annually evaluate our GM, define his duties and set his compensation. A large percentage of our time is monitoring the work of our Board Standing Committees. All Directors chair and serve on standing and other committees.
We encourage owner engagement at all levels and will soon hold owner forums to hear your Co-op experience and glean the wisdom of your ideas. We need your active participation on our team. You own our Co-op! Your support, feedback and involvement in governance is vital to our ongoing success.
More Co-op News
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October Change for Good: Center for Non-Profit Legal Services
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It's Co-op Month!
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August Change for Good - Partnering with ACCESS to Make a Difference!
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Bicycle Benefits
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April 2023 Change for Good Partner: Pollinator Project Rogue Valley
From Kristina Lefever, Pollinator Project Rogue Valley President
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From Klamath Bird Observatory, March 2023's Change for Good partner: