The Board of Directors is an elected body responsible for overseeing CNFC on behalf of its member-owners. The board engages with members at the level of community. The directors define our mission, values, and role within the community at large and are responsible for the co-op’s actions and for ensuring that the business is managed in a sound fashion.

Our BOD has three primary goals:

1. Act as trustees on behalf of the members. Directors do this by carefully monitoring the co-op’s financial status, regularly reporting on the status of the co-op to members, and ensuring that the co-op follows its bylaws, policies, and appropriate regulations.
2. Ensure sound management of the co-op. Directors are responsible for hiring and supervising the co-op’s management. Supervising the General Manager involves reviewing management reports, monitoring key indicators (inventory turnover, sales trends, other financial ratios) and evaluating the General Manager’s performance.
3. Set long-range goals and ensure planning for the co-op’s future. Directors do this by discussing strategic planning, approving yearly and long-range plans, and setting performance goals.

Responsibilities of a Member of the BOD:

• Prepare for and attend all monthly meetings.
• BOD meetings are the last Wednesday of every month from 6:00-8:30pm.
• Committee meetings are 1-2 times a month for 1.4-2.5 hours. Directors are required to participate on a minimum of one committee.
• Additional working meetings may be required.
• Attend BOD trainings (up to 3 days a year).
• Be familiar with the by-laws, policies, and financial statements.
• Establish objectives and policies for CNFC’s future.
• Supervise the General Manager.
• Oversee fiduciary matters.
• Maintain communication with Member– Owners.
• Communicate promptly with other Board members.