Walter PreugschasWalter Preugschas

Auditing and Consulting are both legitimate and important functions. The difficulty in the Anderson case is, of course, the conflict of interest where they afforded both functions to the same clients. There would have been various options for the management to avoid this conflict of interest. I suspect management and the board both had become more interested in profit than abiding by its long standing principles. It shows to me that ethics was an attribute that was lacking on the board and with management. Perhaps the board recruitment function needed to focus on a more balanced board membership in order to avoid such imbalance.


“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

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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.”

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Sherwood Co-op

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