Viewing 0 reply threads
  • Author
    Posts
    • #8251
      Bev CochraneBev Cochrane
      Participant

      In both instances provided, as a Board Member not apart of CCC and as a member of CCC Co-op the taking on of debt of CCC Co-ops and the removal of the autonomy of the Co-op were both not legitimate. By doing this Co-op Atlantic lost the support of the membership and boards.
      Strategic interdependencies also played a role in the failure, in hindsight what business sense did it make to take on HUGE debt for no payback in a highly competitive retail market?

      Instead of taking on their debt, the service federation (Co-op Atlantic) should of been trying to find creative ways of assisting them in securing low interest loans, grants/subsidies and working with local CCC boards to agree to a specialized support to assist them getting their CCC Co-op back into a profitable state.

      1+
Viewing 0 reply threads
  • You must be logged in to reply to this topic.

“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