KEY TOPICS
- An overview of today's multi-billion dollar electric utility business.
- The concepts and values that govern cooperatively owned businesses and related types of organizations.
- Legal and regulatory concepts affecting public utilities.
- Key legal documents such as articles of incorporation and bylaws.
- The role of management and guidelines for maintaining an effective relationship with the CEO.
DIRECTOR COMPETENCIES COVERED IN THIS COURSE
Protocol and Practices
- Engages in activities that support the board in determining its own priorities and information needs.
Policy Development
- Establishes policies that provides guidance and sets expectations for performance.
Board Accountability
- Monitors board operations and takes responsibility for board actions and results.
Board/Manager Relationship
- Builds a civil, constructive, mutually respectful relationship with the CEO.
Risk Management and Oversight
- Forecasts and evaluates a variety of risks and identifies strategies to avoid or mitigate their impact.
Industry Principles and Concept
- Knows the basic jargon and concepts of the energy industry.
Cooperative Principles and Practices
- Demonstrates an appreciation of the cooperative buisness model and a commitment to cooperative values.
Member Focus
- Focuses on the needs of members.
Self- Awareness /Continual Learning
- Demonstrates an ongoing commitment to learning and self-improvement.
Diversity and Inclusion
- Leverages the talents of each person and promotes cultural awareness among board members.
Integrity and Courage
- Makes decisions and acts consistently with values, professional standards, and the broader interests of the cooperative.
CREDITS
NRECA – 1 credit
CEU – 0.6 credits
