Les EllsworthLes Ellsworth

Arthur Andersen was one of the most respected auditing firms. When the focus became more on consulting than auditing they started a downward trend that led to their demise. Services became a priority over audit quality. In 1994 two thirds of Anderson’s $3.3 Billion profits came from the consulting side. There was little or no standards until, the Sarbanes-Oxley Act came into effect (after the demise) that could have prevented the failure. When greed becomes more important than the interest of the investors, the organization will fail and I believe this was the case of Arthur Anderson.


“I thoroughly enjoyed the Good Governance Matters course offered by Co-operatives First. The course provided a solid background on governance generally and specific examples of good governance practices in co-operatives. It is uncommon to find governance training specific to co-operatives so this was refreshing.”

Janet Taylor (Corporate Secretary)

Libro Credit Union

“The Good Governance Matters Course was a valuable course. I shared it with the [Arctic Co-operatives Limited] Senior Leadership Team. If it ever comes up again, I highly recommend others to take it.”

Mary Nirlungayuk (Corporate Secretary and Vice-President, Corporate Services)

Arctic Co-operatives Limited

“The online course, Good Governance Matters was very informative, easy to navigate and discussed issues relevant to our needs as a Board of Directors. This course is a great tool for boards to build their knowledge to become strong, strategic boards.”

Lori Sanders (President)

Sherwood Co-op

“This course has greatly increased my understanding of what good governance could/should look like and how each part (boards, management, members) plays a vital role in the co-operative’s success.”


“This course was highly enjoyable, and relevant to working in not only the co-op space, but with any group that needs to make decisions.”