You might assume that the annual meeting of River Valley Co-op would be a good place to exchange views, information, and concerns with other co-op owners. Well, not if management and the board don’t like what you have to say. Check out what they did.
After unprecedented public pressure, co-op management made some constructive changes to the labor contract. But by engaging in retaliation and seeking to curtail workers’ ability to speak out, they reinforced workers’ mistrust. Instead of better labor relations, they’ve sown further discord.
Does the board maintain that the co-op should be only as transparent as required by Massachusetts corporate laws? The board recently denied a request for figures on managers’ salaries, and we’re still trying to understand why. Here’s the latest follow-up request, submitted by nine owners.
What should transparency mean at our co-op? There’s not necessarily a simple answer to that. But at the moment, we’re finding out what it means in practice. Our co-op bylaws are very generous about owner access to information, but the board of directors recently denied a request for figures on managerial salaries. Why?