#7613
Louis-H. CampagnaLouis-H. Campagna
Participant

Hi, Jen.
In response to your question about the responsibility carried by the CEO. I’d say, it depends. If the Board insisted that the CEO abide by the Friedman doctrine and place profits for shareholders above all else, then within the bounderies of the law and of summary ethics, can the CEO be blamed fot doing jist that. The CEO’s entire incentive plan would have been built upon short term gain (next quarter) results rather than long term, sustainable, values-aligned results.
So the CEO’s responsibility — though he obviously bears some — is limited to the extent of the agent role this person played, accountable to the principal.

1+

“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.”

2017 PARTICIPANT

“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.”

2017 PARTICIPANT