Director Education Suite
Earn your Credentialed Cooperative Director certification (CCD) by attending our board governance programs!
Boards have ultimate responsibility for ensuring and evaluating the long-term health of the organization. They help fulfill this duty through strategic thinking; identifying goals through strategic planning; authorizing the appropriate allocation of resources through the adoption of financial policies, budget review and approval; and monitoring management’s progress toward strategic goals. This course teaches directors how to participate effectively in strategic thinking and planning processes.
- The difference between strategic thinking and strategic planning
- Analysis of your cooperative’s strengths, weaknesses, opportunities and threats
- The board’s oversight responsibility
- The strategic plan as an evaluation tool for the cooperative’s accomplishment of goals and as the foundation for the CEO’s performance appraisal
The emergence of Distributed Energy Resources (DER) technologies is giving consumers more choices than ever before. Electric cooperatives are well-positioned as consumer-owned organizations to be their members’ trusted partner in navigating the opportunities, risks and benefits of solar and other emerging technologies. This course addresses the top DER technologies, policy issues and questions cooperative must be prepared to discuss with members.
• Changes in the market structure of the electric energy industry
• Communications with members about their questions and need for information
• Integrating DER with the cooperative’s strategic plan
• Key questions in the boardroom about DER
Instructor: Bryan Singletary
Risk Oversight: The Board’s Role in Risk Management, NRECA Board Leadership #921
Nov. 5 — Mandan
Electric cooperative boards are operating in what may be one of the most challenging business environments any generation of directors has ever known. The risks range from financial, regulatory, cyber and economic to technology and changing member demographics. This course is designed to provide directors with the principles and tools to improve processes for overseeing the co-op’s risk management activities. Using co-op examples and real-world case studies, this interactive course examines the unique role of board and management to identify, manage and mitigate risk with processes appropriate to the characteristics of individual cooperatives.
• The cooperative’s risk drivers and risk appetite
• The purpose of a communications policy
• The board’s role versus management’s role in risk management
• Alignment of strategy, risks and controls
• The cooperative’s risk management process
Instructor: Mike Core