Co-op directors advised of key responsibilities in a volatile environment

Posted on: 5th December, 2016

Category: News

Contributor: West Cork People

Above: Dominic O'Mahony, Tommy Riordan and Paddy Ryan, Lisavaird Co-operative Society in the Convention Centre Dublin for the 40th ICOS National Conference Better Governance for Better Co-operatives.

“As the co-operative sector seeks further expansion opportunities and also copes with serious fallout from the Brexit decision, it must continue to promote a strategic vision and clear leadership in the interests of co-operative members,” said Martin Keane, President of the Irish Co-operative Organisation Society (ICOS), at the 40th ICOS National Conference at the Convention Centre in Dublin.

“Strategy formulation underpinned by strong corporate governance, compliance and communications are key functions and responsibilities which co-operative Board members need to promote as the leaders of their industry,” said Mr. Keane.

The conference was attended by co-operative leaders from all over Ireland, including the main dairy processing co-operatives and national co-operative livestock marts.

“Irish co-operatives are working in an intensely competitive, volatile and globalised marketplace. While they have been well served by elected farmer directors to date, the increasing complexity of operations including the competitive environment and regulation necessitates a continual focus on skills development to ensure that Boards can meet all of their responsibilities.”

The conference had a top line-up of Irish and international speakers including Agriculture Minister Michael Creed, TD; The Canadian Ambassador, Kevin Vickers; US Department of Agriculture Rural Sociologist, Tom Gray; Corporate Enforcement Director Ian Drennan and Conor Gouldson, Company Secretary of FBD Holdings plc, among others.

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