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.
- Establishes policies that provides guidance and sets expectations for performance.
- Monitors board operations and takes responsibility for board actions and results.
- 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.
- 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.
Credentialed Cooperative Director Certificate (CCD)
NRECA – 1 credit
CEU – 0.6 credits