- Select whether to make special retirements.
- Decide which approach to retiring capital credits will maximize the value for the cooperative and its members.
- Understand the rate and financial issues and implications.
- Understand key legal guidelines and issues.
Director Competencies Covered in this Course
Protocol and Practices
Engages in activities that support the board indetermining its own priorities and information needs and assists the board in focusing on strategy (and associated risks).
Establishes policies that provides guidance and sets expectations for performance.
Monitors board performance and takes responsibility for results.
Analytical Thinking and Decision Making
Thinks systematically, conceptually, and analytically to determine effective solutions.
Engages in strategic planning that contributes to the direction, core values and goals of the cooperative.
Demonstrates an appropriate level of financial knowledge and understanding and can interpret financial reports and statements and monitor corrective action to ensure financial goals.
Cooperative Principles and Practices
Demonstrates an appreciation of the cooperative business model and a commitment to cooperative values.
Community Engagement and Communication
Places the cooperative in a collaborative position for maintaining and growing healthy communities.
Focuses on the needs of members.
Negotiation and Conflict Resolution
Manages and resolves conflicts and disagreements in a constructive manner.
Integrity and Courage
Makes decisions and acts consistently with values, professional standards, and the broader interests of the cooperative.
NRECA – 1 credit
CEU – 0.6 credits