Understanding board leadership and governance training are critical to developing a successful cooperative business. Join us for this 60-minute zoom that will cover the major characteristics of cooperatives, allowable variations from such characteristics, planning opportunities available in the Articles, Bylaws and other governing documents. Todd Eskelsen, with Eskelsen Law Group, will lead us through a discussion of several governance topics on which the attorney-draftsman of Bylaws and the accountants and auditors should coordinate their counsel and advice.
At the conclusion of the presentation, participants will have a better understanding of:
- Three basic cooperative principles identified by the IRS for cooperatives – subordination of capital; democratic control by members; and allocation of margins on the basis of patronage;
- Have a better understanding of the evolution of such principles, especially in the last 25 years; and
- Be better able to identify and take advantage of planning ideas in connection with the three principles to address specific circumstances with cooperatives they advise.