Farmers are active members in many types of organisations, acting as directors on charitable boards in their communities, schools and of course co-ops as well as other agricultural companies and groups.
Unfortunately, in recent years, failures in corporate governance has caused scandal for many charitable organisations.
It is therefore not surprising that an increased regulatory burden has been imposed on organisations. This has added to the costs and complexity of overseeing and managing a business and has brought new challenges from an operational, regulatory and compliance perspective. With this, the role of directors has also become more complex.
Directors and potential directors need to be clear as to what their duties are, and also on how a board should behave, so that it can be at its best.