Examining Board and Manager Perceptions and Communication Sanja Zivkovic and Darren Hudson Board Managers’ Conference, TACC, Ruidoso, NM, July 2015 Survey ✤ Conducted a survey of cooperative managers and board chairmen, Fall 2014. ✤ 30 paired responses (both from the same coop) ✤ Focus was on communications, priorities, and other aspects of management Examining the Purpose Communication Satisfaction Fulfillment MEMBERS BOARD Loyalty PERFORMANCE Commitment MANAGER Strategy Teamwork Descriptive Statistics Ages Managers Chairmen 25-30 31-35 36-40 41-45 46-50 51-55 ≥56 3% 7% 3% 17% 7% 20% 44% 0% 0% 0% 7% 0% 17% 77% Education High school Some college Undergraduate Graduate Managers 17% 33% 40% 10% Chairmen 33% 30% 20% 17% Strategic Planning?? Frequency of engagement in Once a year strategic planning Once every two years Once every three years Once every five years Never Managers 43% 7% 10% 20% 20% Chairmen 67% 7% 10% 7% 10% What is Strategic Planning? Priorities Customer service/Product quality Profitability/Patronage refunds Employee retention Capital improvement Attracting new members Stock retirement Managers 1st 2nd 2nd 5th 6th 6th Chairmen 1st 1st 3rd 4th 5th 6th Satisfaction Average satisfaction level with: Managers Chairmen Amount of communication 8.43 9.27 Quality of communication 8.57 9.42 Job 8.88 NA Performance of the cooperative NA 8.87 Business relationship 9.02 9.40 Preferred Characteristics Characteristics valued the most: Trustworthiness Understanding and respecting the board-manager relationship Total commitment and dedication to the cooperarive Good communication Very active and strong experience Managers Chairmen 1 5 2 2 3 1 4 4 5 3 Conclusions ✤ Important questions that should be addressed by the cooperative: ✤ Does management and the Board engage in strategic planning? ✤ Is there an effective chain of communication between the management and Board? ✤ Are the general manager and Board satisfied with their communication? ✤ If not, what actions should be taken to improve the relationship?