CREA is currently undergoing a review of its governance structure. Try to control your excitement. People might be watching.
Granted, governance is not the sexiest thing in the world, but it is something that REALTOR® members should care about because it affects each and every one of them. As a trade association, CREA is owned by its members. That means you. Everything we do is for the benefit of the REALTOR® member. The smoother the corporate processes, the greater the benefit to the owners.
Corporate governance is all about the job done by the Board of Directors.
If you were to look at a corporate position chart, you’d see the owners at the top (yes, that’s you), the Board of Directors right below that, and the Chief Executive Officer and staff at the bottom (yes, that’s me). So the Board of Directors is wedged between the owners and the staff. The “job” of the directors is really three-fold:
- Ongoing dialogue with the membership to discern their expectations so the directors know what results the association should produce;
- Translate the expectations of the owners into written criteria for success (policies and strategic plans); and
- Monitor policy compliance to see that the criteria are being met.
If the governance machinery works well, you get great results – cool stuff like WEBForms®, REALTOR.ca, mobile apps, effective lobbying, and strategic initiatives that make the professional lives of REALTOR® members easier and more productive. When it doesn’t work well you get really bad ideas like “New Coke,” sweaters for dogs or Justin Bieber.
READ FULL ARTICLE… Good governance is good for REALTORS®.