Role of the Board in Cooperative Governance Excellence
In a cooperative, people come together to meet shared needs. It could be farmers selling crops, workers running a business, or people saving money together. These groups are called cooperatives because they are owned and controlled by their members. To make sure everything runs well, cooperatives have a Board of Directors. The board plays a very important role in leading the cooperative and making decisions that help it grow and serve its members. When a board does its job well, it leads to cooperative governance excellence. Let’s understand what cooperative governance means and how the board helps achieve it. What is Cooperative Governance? Cooperative governance means how a cooperative is managed and how decisions are made. It includes rules, responsibilities, and processes that guide how the cooperative works. In a cooperative, members are the owners. They have the right to vote and take part in decision-making. This is different from regular companies, where investors or sh...