The distribution cooperative marketplace is changing faster today than at any time since our foundational period. Distribution cooperatives' relationship with their members are transforming due to changing member preferences, new business models, new technologies and third-party applications. This course focuses on how these changes call for different ways of thinking, data collection and analysis at the board level if boards are to fulfill their oversight responsibilities and strategic vision.
KEY TOPICS
Recognize the drivers of the changing industry landscape writ large.
Discuss how the evolving energy landscape impacts governance and the way a board performs its oversight function.
Envision where they would like to see their co-op be in 5-7 years
Identify specific data necessary to inform a recommended course of action.
DIRECTOR COMPETENCIES COVERED IN THIS COURSE[accordions no-divider="true"]
[accordion title="View%20All"]Board Accountability
Monitors board operations and takes responsibility for board actions and results.
Analytical Thinking and Decision Making
Thinks systematically, conceptually, and analytically to determine effective solutions.
Strategic Planning
Engages in strategic planning that contributes to the direction, core values and goals of the cooperative.
Risk Management and Oversight
Forecasts and evaluates a variety of risks and identifies strategies to avoid or mitigate their impact.
Financial Oversight
Demonstrates an appropriate level of financial knowledge and understanding and can interpret financial reports and statements and monitor corrective action to ensure financial goals.
Industry Principles and Concept
Knows the basic jargon and concepts of the energy industry.
Interpersonal Communications
Listens, relates and expresses oneself in a manner that is effective while supporting mutual understanding.
Flexibility
Remains open to new ideas, information, and approaches.
Cooperative Principles and Practices
Demonstrates an appreciation of the cooperative business model and a commitment to cooperative values.
Member Focus
Focuses on the needs of members. [/accordion]
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CREDITS
NRECA – 1 credit
CEU – 0.6 credits
