- Selection and
election of directors
- Change articles of
incorporation
- Change bylaws
- Consolidation with
another cooperative
- Merger with
another cooperative
- Dissolution
- Sale of major assets
- Recall directors
- Adoption of
resolutions
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- Selection and
compensation of general manager
- Purchase of major
fixed assets
- Credit policy
- Selection of
auditor and attorney
- Levels of long-
and short-term debt
- Lines of major
business activity
- Policy on
affiliation with regional cooperative
- Authority given to
management
- Long-term or
strategic plans
- Approval of budget
- Equity management
- Cash patronage
refunds
- Sources of short-
and long-term credit
- Long-term leases
and contracts
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- Maintenance of
fixed assets
- Selection and
compensation of employees
- Interpretation of
government regulations
- Day-to-day
operations
- Marketing of
products for members
- Allocation of
expenditures within budget approved by board
- Inventory
management
- Personnel
assignments and evaluation
- Credit decisions
(within board policy)
- Setting pricing
and margins within budget and board policy
- Accounting and
management information
- Patron complaints
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