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Board of Directors - Upcoming elections and information about Board positions and responsibilities

Upcoming Elections for the Board of Directors

Submitted by Buzz Viberg on behalf of the Board

The Coop will be electing a new Board at the June AGM and we would really appreciate members of the Coop considering putting themselves forward. Three members of the Board will be staying on for another year, ideally we would hope to vote in at least another four.

During my two-year term on the Board, I have learned a lot! It has been a very challenging time on many fronts, and I think COVID definitely influenced this. It is my hope that the new Board will be able to find the 'middle ground' moving forward, drawing on the wisdom of the past but also being flexible enough to adapt to the changing dynamics, reflected not only in the Coop but in our wider community and globally.

Thank you for your consideration, if any questions please feel free to contact me at 403-283-9443.

Coop Housing Board of Directors Descriptions 

Submitted by Belle Auld on behalf of the Education Committee

  • Chair: this position provides leadership to the board and the co-operative. The chair serves as chair for all board and general meetings, maintains a strong relationship with management, and often serves as the face of the organization. The chair should be familiar with important policies and procedures governing co-operatives.

  • Vice-chair: this position is tasked with fulfilling duties assigned by the chair or filling in when the chair is not available.

  • Treasurer: this position is often combined with the secretary. The duties of the treasurer require some understanding of financial reporting and accounting practices and is often given to a manager or hired expert (e.g. an accountant) that can perform the duties efficiently. The treasurer often oversees the co-operative’s finances, filing the annual return, preparing a budget, and keeping the board and shareholders informed on financial matters.

  • Secretary: this position maintains the records of the co-operative including policies and procedures, meeting minutes, and an up-to-date membership list. In many co-ops, the secretary serves as a point of contact for members on matters including share redemption, submitting resolutions, or concerns with the co-op.

Coop Housing Board of Directors Responsibilities

The board of directors is central to the operation of a co-operative business. Directors discuss matters affecting the co-op, make decisions that shape and guide the co-op, and prepare information and recommendations to members to discuss and decide on. Much of what a board does is responsive, reacting to events, ideas, and opportunities facing the co-operative. It’s important for directors to think about the future, and look for ways to improve their practices and the co-op’s well-being. This list gives an overview of the important responsibilities of the board of directors:

 

  1. Manage financial matters of the co-operative: It’s important for the board to have a strong understanding of the co-op’s financial position. This can be done with support from staff or an accountant (depending on the size of the co-op). The board should lead the creation of an annual budget, monitor revenue and expenses, and present the annual return and budget back to the members at the annual meeting. Some members of the board will have signing authority on the co-op’s accounts and their signatures will be required for items like cheques, agreements, chequing accounts, annual returns, and applications.

  2. Strategic Planning: The board provides leadership to the organization and shapes its direction. It creates, updates, and maintains strategic plans that include the co-op’s agenda, goals, and key opportunities. The board should regularly identify projects and manage the co-op’s investments.

  3. Create policies and procedures: The board will create policies when first incorporating the co-op, and on an ongoing basis. Some policies will be created in response to the co-op’s business, members’ requests, or as challenges and opportunities arise. These policies relate to things like finances, membership, conflict of interest, information and technology, safety, and elections.

  4. Give the co-operative a voice: Both the board and the management will promote the co-op to the public. The board, as representatives of the members, should speak on behalf of the co-op when working with partners, funders, media, or other audiences. They should provide information to members at meetings and give direction to staff. It’s good to have a communications strategy for the board and management that outlines how the co-op communicates with other parties, so everyone is sharing a consistent message.

  5. Management: Depending on the size of the co-operative, the board may directly manage the day-to-day affairs. In larger co-ops, the board usually provides oversight to managers or an executive team. The board will have the final say on many important decisions and may have to deal with conflict or debate that could arise. For example, it’s the board’s job to decide how to allocate the co-op’s profits. To do this, it needs to take a number of things into consideration: adding to reserve funds, investing in the co-op, and distributing profit to members. Decisions like this can lead to conflict, but the co-op can help avoid this by including members in the discussion (and listening to their ideas).

  6. Engage the members: At the end of the day, the co-op exists to serve its members. The board should engage members in important decisions and happenings with the co-op. The board can help ensure members have a sense of ownership with their co-op by communicating openly with them

 

https://coopcreator.ca/resource/being-a-board-member-in-a-co-operative-business/



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