Matters reserved for the Board

Matters required, or that in the interests of a co‑op, can be decided only by the Board as a whole All co-operatives should be headed by an effective Board, responsible for the long-term success of the business in accordance with the International Co-operative Alliance Values and Principles. An effective Board leads and controls the business but delegates day-to-day responsibility to [senior] staff. Directors need to remind themselves constantly of the distinction between ‘direction’ and ‘management’. Whilst the distinction is not always clear-cut, it is criti...