What Do Board Members Do?

LOTS OF COMPANIES are guided by a board of directors. But as a co-op, Fannin Electric Cooperative’s board is composed of members who know our community and its needs particularly well.

Fannin EC is governed by a board of seven directors. Like you, they’re members of the co-op; they live here and get their power from the co-op. They come from across our service territory and have been elected by the membership.

The board of directors is responsible for managing the affairs and direction of the co-op, including decisions about how to responsibly manage the cooperative’s budget to carry out our mission of delivering safe, reliable, affordable power. Board members represent the membership and its interests.

The board of directors is also responsible for strategic oversight, considering not only the current status of the co-op but also longer-term trends and planning for the future.

Other responsibilities of the board include:

• Hiring a general manager/CEO to lead the co-op
• Setting policies that guide co-op operations
• Overseeing the cooperative’s annual budget
• Making decisions about the allocation and retirement of capital credits, rates and infrastructure investments

The member-elected and -run board is one of the key components of the cooperative business model, setting Fannin EC apart from other utilities. Keep reading Texas Co-op Power for information about Fannin EC’s next director elections.