Board Responsibilities

Responsibilities of the Board of Directors:

  • Set long-term goals and ensure planning for the future
  • Ensure sound management of co-op resources
  • Act as trustees on behalf of the members

To fulfill these responsibilities, the Board of Directors must focus on these key areas:

  • Hiring, supervising and evaluating the co-op's CEO
  • Planning for the co-op's future and approving management's plans
  • Approving capital and operating budgets
  • Recruiting new directors to ensure a well-qualified board
  • Making decisions about the mechanics of the co-op's governance system, development of policies and guidelines and other related matters, (Note: The board does NOT make operating decisions for the store, choose products or supervise staff other than the CEO).

Expectations of Board Members:

  • Understand and promote the mission of the Wedge Community Co-op
  • Understand the role of the Board of Directors
  • Act in the interests of the whole membership, not a specific constituency
  • Attend meetings faithfully and serve on committees effectively (8-12 hours/month time commitment, depending on committee assignments and intensity of board work which may vary over time)
  • Assess their own performance as board members
  • Act in accordance with the Code of Conduct
  • Assure continuity of the highest quality in board membership