The
Role of your Board Members
Electric cooperatives have changed
dramatically since
SouthEastern was incorporated way back in 1938, and so has the job of
your
Board Members. Gone are the days when
the only duty of a board member was to attend one monthly meeting at
the local
cooperative headquarters. Back then,
board members would have never conceived there would be a need to
travel out of
town or state to further their education, or to take continuing classes
dedicated to governance and the establishing policy.
Today, being a member of your Cooperatives
Board of
Trustees involves many more things.
Extensive engineering, regulatory and demographic
changes have reshaped
the electric utility business into what it is today--
a complicated mix of legal and government issues, and
in order to stay current on those specific issues which affect
SouthEastern, it
is critical that your Board Members continue their electric cooperative
education.
It is the General Manager’s responsibility to
operate
the Cooperative, but it is the Board’s responsibility to establish
policies
that govern how your Cooperative will be operated and without
education, your
Board Members would not be qualified to make sound business decisions
about
matters affecting the operation and everyday business, including its
financial
condition, risks, opportunities, regulations, and overall performance.
Fortunately education is available through
the
National Rural Electric Cooperative Association and there are two
continuing
education certificates which can be earned by board members.
Typically Board members earn their Credential
Cooperative Director Certificate (CCD) by successfully completing five
one day
courses, including Director Duties and
Liabilities, Understanding the Electric Business, Board Roles and
Relationships, Strategic Planning and Financial
Decision-Making.
After
earning their CCD Certificate, Board Members are encouraged to enroll
in
advanced courses that focus on the latest topics challenging the co-op
world. These courses are issue driven
and may vary from year to year. This
year, there are eleven classes, which range from one-half to three
days, and
board members who successfully complete ten credits can earn their
Board
Leadership Certificate.
|