how is our co-op organized? co-op member series 2013
TRANSCRIPT
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How is our co-op organized?Co-op Member Series 2013
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Our housing co-op is
a membership association
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Our housing co-op is
a housing development
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a housing business a real estate asset
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Our housing co-op is
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a community
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A housing co-op is
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Member service
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Officers
Auditor
Contract and Professional Services
Other Staff
ManagerMgt Company
Committees
Housing Co-operative Members
Board of Directors
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Directors and members
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Housing Co-operative Members
Board of Directors
electsreports
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Members authority
Co-op members make key governance decisions that only members can make
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Members role in governance
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Board of directors
The board’s role is to set the co-op’s overall direction, provide guidance to managers, make decisions and keep a careful eye on the results.
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Board authority
The board, at board meetings, has the authority to decide everything that is not reserved for the members in the co-op act.
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The board responsibilities
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Board responsibilities
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Board decisions
Our board of directors shows good governance when they make decisions together
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All directors are equal
Directors are one among equals
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Directors authority
Directors only have power at a board meeting or when authority to act has been delegated by the board
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Board unity
Board speaks with one voice
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Management
Managers (and staff) are responsible for taking care of the day-to-day business of the co-op to achieve the goals set by the members and directors.
Managers need to have specialized property management skills.
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Management
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Other Staffreports
hires &supervises
ManagerMgt Company
hires & supervises
reports
Housing Co-operative Members
Board of Directors
electsreports
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Management
Most co-ops hire managers by contracting with a management company or by hiring employees
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Committees
environmental sustainability landscaping and gardening welcoming and orientation nominations or elections
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Committees
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Committeesappoints
reports
Housing Co-operative Members
Board of Directors
electsreports
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Committees
Some may assist the board in governance or sometimes perform management functions
But, it is best that management functions be carried out by managers or staff and not left to committees
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The auditor gives opinions about
the accuracy of our co-op’s financial statements our co-op’s financial position
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Auditor
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Auditorreports
appointreports
Housing Co-operative Members
Board of Directors
electsreports
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Professional services
Co-ops need good advice to make sound decisions
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Professional services
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Contract and Professional Servicesreports
hires &supervisesManager
Mgt Company
hires & supervises
reports
Housing Co-operative Members
Board of Directors
electsreports
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Professional services
Lawyers Accountants Engineers Other specialized consultants
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elects
Officers
Auditorreports
appoint
reports
Contract and Professional Servicesreports
hires &supervises
Other Staffreports
hires &supervises
ManagerMgt Company
hires & supervises
reports
Committeesappoints
reports
Housing Co-operative Members
Board of Directors
electsreports
Housing Co-op Organization