Roles and Responsibilities of Directors

Course code

On completing this course you will understand:
• the role of a Director and the process through which they are elected
• the unique responsibility of directors to be sensitive to the needs of members and balance their sometimes conflicting interests
• the importance of making decisions that are based not only on what is most profitable, but also on what the needs of the members are
• the process through which safeguard the assets of the members of their co-operative
• how the Board also make sure that co-operative values and principles are put into practice and that the business is remaining true to its ethos, whilst at the same time being responsive to new ideas that might be in the best interest of the business and members
• the key position the Board of Directors occupy between the members and the management
• the fact that the authority of Directors is limited to board meetings
• the legal duties of a Director of a co-operative
• the additional responsibilities, as well as legal duties, of a Director of a co-operative
• the role of the Chair, and the importance of this positon
• the issues surrounding conflicts of interest
• the role of the Board in hiring a Chief Executive, and the many factors they must consider
• the risk of Directors trying to encroach on the duties of the managers of the co-operative

More Information
Rating 4.59
Rating number 26
Core Sector Retail, Funeral
Sub-sector Grocery, Sport
Skill Type/Topic Communication, Teamwork
Author Coop College

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