Agrarian law. The board of the cooperative and its powers (the most important)

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Agrarian law. The board of the cooperative and its powers (the most important)

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27. Board of the cooperative and its powers

cooperative board is the executive body of the cooperative, carrying out the current management of its activities and representing the cooperative in economic and other respects.

The board of the cooperative is accountable to the supervisory board of the cooperative and the general meeting of members of the cooperative.

The law does not dwell in detail on the powers with which the general meeting of members of the cooperative is obliged to give the board. Only two of these powers are specifically identified: the implementation of the current management of the cooperative's activities and the representation of the cooperative in economic and other relations.

The board of the cooperative is elected by the general meeting of members of the cooperative for a period not exceeding two financial years and consists of at least three members. Members of the board of the cooperative must be members of the cooperative.

Powers of the board of the cooperative are terminated upon expiration of the term, after which the general meeting must re-elect the composition of this executive body.

The powers of each of the members of the board of the cooperative are terminated in connection with the termination of the powers of the entire composition of the board, as well as in the event that a member of the board is removed from his duties by decision of the general meeting of the cooperative (clause 6, article 26 of the Federal Law "On Agricultural Cooperation").

The requirement that only members of the cooperative can be members of the board of the cooperative corresponds to the general principle that does not allow unauthorized persons to interfere in the activities, and even more so in the management of the cooperative. The directorate is elected by the general meeting of members of the cooperative, since it is he who is responsible for electing the executive bodies, as well as approving the charter of the cooperative, which should include the appropriate clause on the election of the executive directorate.

The directorate is responsible in accordance with the charter of the cooperative.

This may include the obligation to hire a cooperative on the basis of an employment contract. A member of the board of a cooperative, along with accruals for shares and additional contributions, receives remuneration for work as a member of the board.

The amount of remuneration (wage) is determined and reviewed by the general meeting of members of the cooperative.

In an agricultural cooperative, including a production cooperative, there may be either a board or a chairman of the cooperative, i.e., instead of the board, the chairman of the cooperative may be elected.

If the chairman is elected instead of the board of the cooperative, all the powers that can be assigned to the board are assigned to him.

Author: Zavrazhnykh M.L.

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