The roles in a co-op depend on how members choose to be connected to the business. Members, directors, and employees all have important roles to play in a co-op’s governance structure, but each is a little bit different. Here’s a look at the responsibilities inherent to the roles in a co-op.
Role of Members
follow the processes set out in the bylaws and policies
provide financing to the business by purchasing a membership share
support the business by using its services
encourage re-investment in the business
vote to elect the board of directors from the member-ownership
stay informed on the business’ activities
attend member-ownership meetings and participate in decision-making
get involved by serving on a committee
appoint an auditor at the annual meeting
hold the board of directors accountable
Role of Directors
provide leadership for the shareholders, staff, and committees
create policies and procedures that allow the business to operate efficiently
identify opportunities that will benefit the business
hire staff members that understand the purpose and goals of the business
oversee day-to-day operations and report to shareholders
work with staff to achieve the goals of the organization
maintain financial records, minutes, and a shareholder list
encourage shareholders to participate in the organization’s governance
monitor the overall performance of the business and develop strategies that enable staff to help the organization grow
approve new shareholder applications and ensure new shareholders understand their role in the continued success of the business
Role of Employees
carry out day-to-day business per board policies
report to the board of directors
learn more about co-operatives and the role the business has in its community
help the business achieve its objectives
Interested in learning more about what the roles in a co-op can do for your business? We’re here to help. Start by looking at what good governance can do for you.
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