Here are some of the realisations of leaders of JJK around the world.
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A board of directors is essential for a cooperative because:
1. Governance: They oversee the management of the cooperative, ensuring it operates in accordance with its bylaws, policies, and legal requirements.
2. Strategic Guidance: They provide strategic direction, setting goals and objectives for the cooperative's growth and development.
3. Decision Making: They make key decisions on financing, investments, and major business transactions.
4. Risk Management: They identify and mitigate risks, ensuring the cooperative's financial stability and sustainability.
5. Representation: They represent the interests of the member-owners, ensuring their needs and concerns are addressed.
6. Accountability: They hold management accountable for performance, financial management, and operational efficiency.
7. Compliance: They ensure the cooperative complies with relevant laws, regulations, and industry standards.
8. Leadership Development: They oversee the development and succession planning of the cooperative's leadership.
9. Stakeholder Engagement: They engage with members, employees, and the community, fostering communication and building relationships.
10. Oversight: They monitor the cooperative's financial health, ensuring its continued viability and success.
A effective board of directors is crucial for a cooperative's long-term success, as they provide guidance, oversight, and strategic direction to benefit the member-owners and the organization as a whole.