Question

What are the importance of a strong Co-operative Board of Directors in bringing cooperative success and addressing the economic and social problems of co-operative members?

Answer 1

The Cooperative Board members having their own responsibilities on to be sensitive to the needs of members and balance their interest conflicts. The director’s decision is mainly based on the profit. The most important function of the director is to educate the members about the organisation. The planning process was structured on the basis of the interest of other members. The director will implement those planned measures with respect to the opinion of the members. Most of the cooperative organisations were less preferable to the profit. The importance of directors is:
The director set the strategic goals and develops over reaching vision of the organisation. The Board of Directors having the responsibility to move the organisation into a productive one.
The Director Board should be the representation of each member entity. This will improve the member relation among the organisation.
The director having the responsibility to hire efficient employee to the organisation. This ensures the participation of each member’s in the recruiting process.
The final policy decisions were signed by the director. Most of the policy was based on the financial responsibility, equal employment opportunity, compliance relating the legal guidelines etc.