- Purposes — The purposes of the Board of Directors are to:
- Represent the interests of the Co-op’s Membership;
- Work collectively and individually toward the success of the Finland Co-op;
- Commit itself and its individual members to ethical, businesslike, and lawful conduct, including proper use of authority and appropriate decorum when acting as board members.
- Requirements — By joining the Finland Co-op’s Board of Directors, members must meet the following requirements:
- Be 18 years of age or older.
- Be an active Member/Owner in good standing who shops regularly at the store.
- Be accessible by phone and e-mail to Staff and other Board Members as needed.
- Be accessible by phone to the Member/Owners. Directors’ phone numbers are posted in the entrance of the Co-op.
- Read, understand, and support Finland Co-op policies and bylaws.
- Disclose conflicts of interest immediately. (See D. Conflict of Interest.)
- Duties and Responsibilities — The duties and responsibilities of the Board of Directors, individually and as a whole, include, but are not limited to:
- Attending all regular and special Board meetings.
- Absences may be excused at the board’s discretion.
- Advance notice of absence should be given via phone, electronically, or other communication prior to the meeting, if possible.
- Preparing for each Board meeting by reading material distributed prior to the meeting and being ready for discussion.
- Attending all meetings of the Membership.
- Participating actively in discussion, sharing your viewpoint, then supporting the group decision that results from discussion.
- Sharing equally with other Board Members in committee and task-force work.
- Maintaining access to Board documents.
- Showing loyalty to the Board of Directors and the Finland Co-op by:
- Being aware, at all times, that personal comments could be perceived to be statements of the Board as a whole or to otherwise carry official weight;
- Not voicing judgments of the performance of other Board Members, the Finland Co-op, the General Manager, or the Staff outside of Board discussion;
- Advocating for the Finland Co-op and its Member/Owners inside and outside Board meetings;
- Actively recruiting new Co-op Member/Owners and encouraging their participation and loyalty to the Finland Co-op;
- Holding in confidence any information so designated, including but not limited to:
- Sensitive issues as defined and discussed by the Board;
- All topics discussed in regular and special Board meetings until they become a matter of public record.
- Recognizing the ineligibility of any Board Member to speak for the Board as a whole, except when explicitly agreed upon by the Board.
- Fulfilling commitments within agreed-upon deadlines.
- Taking initiative and providing leadership.
- Taking responsibility for conflict amongst Board Members and committing to work toward resolution.
- Attending all regular and special Board meetings.
- Conflict of Interest
- Board Members must represent unconflicted loyalty to the interests of the Finland Co-op Membership. This accountability supersedes:
- Loyalty to advocacy or interest groups;
- Membership on other boards or staffs;
- The personal interest(s) of any Board Member acting as a consumer of the Finland Co-op’s goods or services.
- Board Members must avoid conflicts of interest regarding their fiduciary responsibility. A fiduciary conflict of interest exists if:
- A Board Member has an affiliation with or material interest in any entity that conflicts with, or might reasonably be assumed to conflict with, the interests of the Finland Co-op;
- A Board Member is an employee, director, officer, tenant, landlord, or otherwise associated with another organization that may be benefited or harmed by actions of the Finland Co-op Board of Directors;
- A Board Member participates in any self-dealing or any conduct of private business or personal services between another Board Member and/or the Finland Co-op, except as procedurally controlled, to assure openness, competitive quality, and equal access to information;
- A Board Member uses his or her position to obtain employment at the Finland Co-op for themselves, a friend, family member, or other associate. Should a Board Member desire employment at the Finland Co-op, he or she must first resign from the Board;
- Board Members may not attempt to exercise individual authority over Finland Co-op operations, except as explicitly set forth in Board policies, including interaction with the public, press, or other entities.
- Board Members must represent unconflicted loyalty to the interests of the Finland Co-op Membership. This accountability supersedes:
- Resignation — A Board Member may resign by sending a signed letter of resignation to the Board Secretary.