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How is our co-op organized?Co-op Member Series 2013
Our housing co-op is
a membership association
2
Our housing co-op is
a housing development
3
a housing business a real estate asset
4
Our housing co-op is
a community
5
A housing co-op is
Member service
6
Officers
Auditor
Contract and Professional Services
Other Staff
ManagerMgt Company
Committees
Housing Co-operative Members
Board of Directors
Directors and members
8
Housing Co-operative Members
Board of Directors
electsreports
Members authority
Co-op members make key governance decisions that only members can make
9
Members role in governance
10
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.
12
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.
13
The board responsibilities
14
Board responsibilities
15
Board decisions
Our board of directors shows good governance when they make decisions together
16
All directors are equal
Directors are one among equals
17
Directors authority
Directors only have power at a board meeting or when authority to act has been delegated by the board
18
Board unity
Board speaks with one voice
19
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
21
Other Staffreports
hires &supervises
ManagerMgt Company
hires & supervises
reports
Housing Co-operative Members
Board of Directors
electsreports
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
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
25
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
27
Auditorreports
appointreports
Housing Co-operative Members
Board of Directors
electsreports
Professional services
Co-ops need good advice to make sound decisions
28
Professional services
29
Contract and Professional Servicesreports
hires &supervisesManager
Mgt Company
hires & supervises
reports
Housing Co-operative Members
Board of Directors
electsreports
Professional services
Lawyers Accountants Engineers Other specialized consultants
30
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
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