Comments for Northern Suburbs Housing Co-operative http://www.nshc.com.au Accommodation for seniors aged 55 or more Thu, 01 Feb 2007 04:08:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 Comment on Corporate Governance by Gary http://www.nshc.com.au/2007/02/01/corporate-governance/comment-page-1/#comment-6 Gary Thu, 01 Feb 2007 04:08:15 +0000 http://www.nshc.com.au/?p=56#comment-6 Our housing co-op’s management committee is made up exclusively of tenant members. The session emphasised the need for them to remove their “tenant” hat and put on their “governor” hat when attending management meetings. The management committee has a responsibility to act for the members who are the stakeholders. These members do not have any financial investment in the co-operative, whereas shareholders in a company do have a vested financial interest. I see you point of difference. Our housing co-op’s management committee is made up exclusively of tenant members. The session emphasised the need for them to remove their “tenant” hat and put on their “governor” hat when attending management meetings.

The management committee has a responsibility to act for the members who are the stakeholders. These members do not have any financial investment in the co-operative, whereas shareholders in a company do have a vested financial interest.

I see you point of difference.

]]> Comment on Corporate Governance by David Griffiths http://www.nshc.com.au/2007/02/01/corporate-governance/comment-page-1/#comment-5 David Griffiths Thu, 01 Feb 2007 03:39:33 +0000 http://www.nshc.com.au/?p=56#comment-5 I understand that difference but what about the relationship of a board to member owners as opposed to board in a company and its relationship to investor owners in a company? The Co-operative College in the UK has been running governance courses for years on the basis that co-operative governance is different from corporate governance and that the failure to realise this leads to a decline of the co-operative identity. For large co-ops it eventually leads to their demutualisation. I understand that difference but what about the relationship of a board to member owners as opposed to board in a company and its relationship to investor owners in a company? The Co-operative College in the UK has been running governance courses for years on the basis that co-operative governance is different from corporate governance and that the failure to realise this leads to a decline of the co-operative identity. For large co-ops it eventually leads to their demutualisation.

]]> Comment on Corporate Governance by Gary http://www.nshc.com.au/2007/02/01/corporate-governance/comment-page-1/#comment-4 Gary Thu, 01 Feb 2007 03:13:51 +0000 http://www.nshc.com.au/?p=56#comment-4 I found from the training session that for our co-operative there is no distinction. Our management committee has a role as "governors" whilst the staff have a role as "administrators". I will elaborate in the post a little more as to the content of the session. I found from the training session that for our co-operative there is no distinction. Our management committee has a role as “governors” whilst the staff have a role as “administrators”. I will elaborate in the post a little more as to the content of the session.

]]> Comment on Corporate Governance by David Griffiths http://www.nshc.com.au/2007/02/01/corporate-governance/comment-page-1/#comment-3 David Griffiths Thu, 01 Feb 2007 02:14:14 +0000 http://www.nshc.com.au/?p=56#comment-3 Just a question: To what extent did the training session deal with how corporate governance differs and is the same for co-operatives and that, indeed. co-operative governance is distinct from corporate governance? Just a question: To what extent did the training session deal with how corporate governance differs and is the same for co-operatives and that, indeed. co-operative governance is distinct from corporate governance?

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