Board Compensation Vote
The Mississippi Market Board of Directors is asking our member-owners to approve an increase to board compensation. The last time such a change was brought before the membership was in 2005.
Member control, as enacted through the board of directors, is a unique feature of a cooperative business. As our business grows and becomes more complex, so too does the role of board members. The new compensation would better reflect the importance our co-op places on board leadership.
The following information appears on this year’s board of directors ballot:
In compliance with the Mississippi Market bylaws, the board of directors is asking member-owners to approve a change in the compensation board members receive for their service. Currently, the board president receives a monthly stipend of $100, and other board members receive a monthly stipend of $45.
The proposed compensation for board members is as follows: a monthly stipend of $100 a month for board members; $150 a month for board secretary, treasurer, and vice-president; and $200 a month for board president. The stipend will continue to be in the form of a co-op gift card. In addition, board members would receive a 10 percent discount on store purchases.
Upon approval of this measure, the compensation outlined will be in effect unless changed by the owners of the co-op at a regular or special meeting, or unless the board determines that the compensation would cause financial harm to the co-op, in which case the compensation would be suspended by the board.
Here’s how to vote:
Visit https://www.directvote.net/MMNFC to vote online or visit the voting stations in our stores to cast your vote electronically or on paper. Candidate bios are also available on the voting site and in-store.
Mississippi Market’s Board of Directors
Board Function & Responsibility
The Mississippi Market Board of Directors consists of seven to nine directors elected by the membership who are legally responsible for the overall direction and performance of the co-op. The Board carries out this responsibility by establishing broad policy guidelines and by monitoring the performance of the general manager.
The members of the co-op board of directors have the same duties as the directors of any business. Our unique identity as a cooperative also means that our board must act on behalf of our member-owners.
Connect with Your Directors
It’s easy to learn more about your board and how the co-op is run. All member-owners are welcome to attend monthly board meetings. They are typically held on the last Tuesday evening of the month at our Selby store. Find a list of upcoming meetings here.
If you’re not able to make it to a meeting, stop at the customer service desk at either store to review the approved minutes from past board meetings.
If you have a suggestion, question or concern you’d like to raise with the board, send an email to their designated email address: email@example.com
Interested in Serving on the Board?
In accordance with the cooperative principles, Mississippi Market is run by democratic member control. Each October at our annual meeting, every single member-owner has the opportunity to vote in the Board of Directors election.
Member-owners who are interested in serving on the Board can contact the Board via firstname.lastname@example.org at any point during the year to learn more about how to run.