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Co-operatives UK Corporate Governance C ode for Consumer S ocieties

Co-operatives UK Corporate Governance C ode for Consumer S ocieties . Emma Laycock & Ged Devlin, Co-operatives UK. Content. Highlights of the consultation feedback 4 main areas of discord/question Terms of office for the chair of the board Board size Applicability to smaller societies

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Co-operatives UK Corporate Governance C ode for Consumer S ocieties

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  1. Co-operatives UK Corporate Governance Code for Consumer Societies Emma Laycock & Ged Devlin, Co-operatives UK

  2. Content Highlights of the consultation feedback 4 main areas of discord/question Terms of office for the chair of the board Board size Applicability to smaller societies Election, Renewal of the Board and Succession Planning

  3. Roll out Societies should use the Code from 2014 Updated appendices should assist with compliance 2014 is an opportunity to implement and embed new provisions Still discussing how best to deal with 2014 compliance reporting

  4. Terms of office for board members • No discrimination by reason of age • Re-election after 3 years • 3 x 3 terms of office • A balance of experienced and newly elected board members

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