Co-op Directors 101

IMPORTANT UPDATE: This event has been canceled due to the ongoing threat of COVID-19.

Outstanding board leadership is a critical component of being a successful cooperative business. Great boards don’t just happen, however, they are built and honed. Governance training is critical to developing a productive and forward-thinking board, increasing productivity of the cooperative, and ensuring a positive relationship between the board and management.

Directors have many duties and responsibilities. Every director has a unique set of skills, expertise, and blind spots. It’s the collective perspectives and collaboration that create the best environment for sound decision-making. The stronger the individual directors are, the stronger the board will be as a unit.

Who should attend: newly elected directors and directors that have not received formal cooperative board training.

SPRING 2020 CO-OP DIRECTORS 101

April 30, 2020, 9:30 a.m. – 3:00 p.m.
Landmark Services Cooperative, Cottage Grove, Wisconsin (map)

AGENDA

9:30 a.m Registration and Refreshments

10:00 a.m. Roles and Responsibilities of Directors – This session will focus on the different functions performed by directors including fiduciary and oversight responsibilities. We will review the relationships between the board, management, and members.

10:45 a.m. Cooperative Finance 101 – This session will provide an overview of cooperative finances including defining terms and how to read financial statements. We will review questions boards should ask their managers and tools for monitoring financial performance including reports and key indicators. This foundational session will help new directors begin to steer the financial make-up of the cooperative.

12:15 p.m. Lunch (included with registration)

1:00 p.m. Tools for an Effective Board – In this session attendees will learn about strategies for developing an efficient board including meeting agendas and facilitation, committees, and maintaining a healthy board culture. We will also review key elements of effective decision making.

3:00 p.m. Q&A and Adjourn

Scholarships
Scholarships are available to rural and start-up cooperative to attend the event. Please contact Megan Webster at mawebster@wisc.edu for more information.

Program