Board of Directors Evaluations - Co-op Creator

Early Stages

How to start a co-operative: a step-by-step guide Creating an action plan What is a steering committee, and what does it do? How to name your co-op: a by-province guide Choosing a business structure: A questionnaire Transitioning a Business to a Co-operative Co-operative Members and Governance Choosing a Co-op Type Hosting a Community Meeting Focusing Ideas for Your Co-operative Co-operative Business Model Comparison with Other Models Building Consensus

Incorporating

A Guide to writing Rules of Association in BC Guide to Writing a Financial Plan

A Guide to writing co-op bylaws in Manitoba

Guide to writing Bylaws in Saskatchewan

Guide to Federal Bylaws

Incorporating a co-op in Western Canada — a provincial comparison Incorporation time frame Articles and bylaws (video) Choosing a name (video) Why should you incorporate your co-op? (video) Shaping your Co-op’s Identity Incorporation Checklist

Business Planning

Do a PESTLE Analysis How to find new co-op members Creating a Preliminary Budget — A Guide Building a Business Model Canvas Risk Identification and Management Legal Risks for Co-op Start Ups How to create a governance structure Why create a business plan? (video) Roles and Responsibilities Business Planning Pitch Practice Allocating Surplus in a Co-operative Business Co-operative Members and Governance

Financing

How to handle share capital in a co-op Debt vs Equity (video) Tax Treatment of Co-operative Businesses Ongoing Capitalization Guide to Writing a Financial Plan Financing your Co-operative Business Budgeting and Co-operatives

Up and Running

How to Waive an Audit Sample Board Duties How to Build a Board Calendar Three AGM Resolutions Every Co-op Needs for their Annual General Meeting What you need to know for your first AGM Creating a Terms of Reference Creating a Strategic Plan Creating a Human Resources Policy Free Online Governance Course Creating a Conflict of Interest Policy Board of Directors Evaluations Board Member Recruitment Board Decision-Making Exercise

A Guide to Co-operative Insurance How to Read Financial Statements Everything you need to know about managing records Board Governance Tips for Indigenous Co-operatives Sample Bookkeeper Contract Keeping track of members in a co-op Member Engagement and Onboarding Guidelines for co-operative elections Filing your Annual Return Co-operative Annual General Meetings Ongoing Capitalization Allocating Surplus in a Co-operative Business

Additional Resources

Co-ops and charitable status

Back

Board of Directors Evaluations

The board of directors is central in a co-operative business. The directors need to be able to make good decisions to ensure the co-op remains healthy, and they should work to improve their knowledge of the business and how best to run it.

Understanding where a board is performing well and where it has shortcomings is important. It will help the board figure out what it can do to strengthen its ability to make good decisions. A great strategy for a board is to do an evaluation of its progress and capacity.

This is an exercise boards can use to evaluate themselves in a planning session with all directors or with an expert consultant.

Board of Directors Evaluations

On a scale of 1-5 (with 1 being ‘Very Poor’ and 5 being ‘Very Good’), rate the board’s performance on the following:

Identify the top three to five challenges, opportunities, or issues the board should work on right now:
Issue 1:
Issue 2:
Issue 3:
Issue 4:
Issue 5:

Build on these three issues by filling out the following table:

For more information check out The Common Share podcast. Episodes 3 to 7 deal with different aspects of board governance:

Episode 3: Why we need governance

Episode 4: Getting people involved in board governance

Episode 5: Working board versus Policy board

Episode 6: Dealing with conflict on a board

Episode 7: The importance of board diversity

Enjoy this tool on board of director evaluations?

Was this useful?

7 people found this useful.

Business Plan Creator is being renovated.

To help ensure the online business plan creator is up to date and secure, we are rebuilding and hope to relaunch the service later in 2022. But our friends at Futurpreneur also have similar services, so, in the meantime, please take advantage of their FREE online business plan writing service.