It's true. The responsibilities of being a director usually become so consuming that not much time ends up being devoted to thinking about upcoming elections. For many co-ops, the "recruitment and nominations process" begins a month before elections when one departing board member points out, in a panic, that there aren't enough candidates to fill all vacancies. Nominations are hastily collected, even made from the floor of the annual meeting. Any individual indicating even a vague interest in the position is warmly embraced as a savior and retiring board members breathe a sigh of relief (more…)
You know the feeling: you walk into your first meeting, you don’t know anyone, you’re not sure what to say or do, and everyone but you seems to know what’s going on. That’s how it can feel for a newly elected board director who has had no orientation, and this feeling can last for months.
Many directors describe a typical three-year term this way: "The first year is for observing and learning, the second year you are up to speed, and by the third year you are a veteran and ready for leadership." This model does a disservice to our boards and the owners they represent. It does not (more…)