You are committed to continuing your tradition of excellence in management, the standard your organization have come to expect, most people involved in organizations know that board meetings should be held regularly in order to ensure proper governance and adequate communication opportunities within your organization.
Often, board meetings must be held publicly, similarly, it makes most of the overall decisions for the general operation of the cooperative.
As the information contained herein is necessarily general, its application to a particular set of facts and circumstances may vary. In the meantime, minutes are a governance measure that provide a glimpse into how the board of directors is overseeing your organization.
Want to check how your COSO Processes are performing? You don’t know what you don’t know. Find out with our COSO Self Assessment Toolkit: