DATE: Wednesday, June 26 TIME: 6:00 p.m. LOCATION: Co-op Resource Center, Conference Room A,
224 Holiday Dr., White River Junction, Vt.
BOARD PACKET DOWNLOAD: Coming Soon
Board Meeting Recap—April 24, 2019
Here’s a brief summary of key issues from the April board meeting:
GENERAL MANAGER’S REPORT
General Manager Ed Fox reported that sales, basket size, and transaction counts all continue to track ahead of budget projections. He also noted that he has recently established a General Manager succession plan, so another member of the Co-op’s senior management is prepared to step in should he be unavailable or otherwise unable to fulfill his responsibilities.
He also noted that he has received quite a bit of feedback from members in response to a Valley News letter to the editor and a post on the Co-op blog regarding the solar project that has been proposed on the Co-op’s Norwich property.
In addition, he announced that the Co-op’s administrative resource staff will move to their new space in Gilman Office Park in White River Junction, Vt., on May 22, from their current offices on Buck Road.
This month, the Board discussed the organization’s compliance with two policies — EL 2 (Financial Condition and Performance) and GP 7 (Monitoring Board Performance). The board found itself in compliance on the former and in compliance on all but one subsection of the latter — but with a plan to either come into compliance or change the relevant subpolicy.
The Board has been working with Richard Stringham, a consultant with an organization called the Governance Coach, to help it become more focused and efficient in its governance practices. At this meeting, thanks to considerable preparation work by board member Rosemary Fifield, the Board established a Governance Action Plan to bring a number of its policies into better alignment with practices recommended by the Carver Policy Governance Model.
COMMITTEE AND TASK FORCE UPDATES
Rosemary Fifield, chair of the Hanover Cooperative Community Fund Advisory Committee, and Kevin Birdsey, chair of the Governance Committee, reported that they are both working on rewriting their committees’ charters, based on feedback from Richard Stringham of the Governance Coach.
The Board also discussed the possibility of allocating a specific sum, from the board budget, for the work of certain committees so that they may, for example, seek legal advice without needing to wait until the next board meeting to get authorization for the expenditure. No action was taken on the matter, but it will be formally considered at a future meeting.
The next regular board meeting will be Wednesday, May 22, at 6:00 p.m. in the upstairs Board Room at the Hanover store.
Your comments are always welcome. Feel free to send us an president [at] coopfoodstore.com (email).