DATE: Wednesday, August 28 TIME: 6:00 p.m. LOCATION: Co-op Resource Center, Conference Room A,
224 Holiday Dr., White River Junction, Vt. JULY BOARD PACKET DOWNLOAD: Available HERE
Board Meeting Recap—July 24, 2019
The Co-op’s board of directors met on July 24, 2019, in the Co-op Resource Center in White River Junction, Vermont. In addition to the eleven board members, general manager, and two members of upper management, the meeting included nine Co-op member-owners.
Several member-owners spoke against the change in Ends policy which was approved at the board’s June 26, 2019, meeting. Board members shared their varying opinions and responded to concerns with explanations of the process used to develop the new Ends and the rationale behind the wording. After a discussion that lasted for over 90 minutes, the board voted on a motion to rescind the newly adopted Ends and reinstate the old Ends. The motion failed with a vote of four in favor, five against, and two abstentions, leaving the newly adopted Ends in place. The board president noted that because the Ends are the statement of what the Co-op’s member-owners expect to receive from their cooperative, the development of Ends should be informed by member-owner input. The board then voted to form an Ends Committee to gather Co-op member-owner input on what the Co-op’s Ends policy should be. Board member Benoit Roisin was appointed chair of that committee and will be seeking Co-op member-owners and employees interested in joining the committee. To learn more about our ends and what it means to you please read Board President, Rosemary Fifield's statement regarding them.
The board then moved on to adopt a new governance policy that mandates proactive board linkage with Co-op member-owners. It also approved a revised policy on board committees that includes a provision requiring the time and location of all board committee meetings to be publicized 48 hours in advance. Co-op member-owners who are interested in the committee workings are welcomed to attend. The charter of the Diversity, Equity, and Inclusion Committee was approved.
Monitoring reports from General Manager Ed Fox this month were on Financial Condition and Asset Protection. Ed responded to Board questions and was commended for the thorough report on Asset Protection. He noted that the October board meeting will include a presentation on Business Continuity Planning, an extensive project that the management team has undertaken to ensure the Co-op’s ability to react appropriately to emergency conditions.
The next regular board meeting will be Wednesday, August 28, at 6 pm at the Co-op Resource Center in White River Junction.
Your comments are always welcome. Feel free to send us an president [at] coopfoodstore.com (email).