Word: coops
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Dates: during 1960-1969
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LAST YEAR'S nearly successful coup at the Coop is beginning to yield results. Next month Coop members will have the chance to approve some long-overdue revisions in the Coop's by-laws. If at least 25 per cent of the members bother to return their ballots, the structure of the Coop can become more representative of the membership and open to future improvements...
...amendments also implement a proportional voting system in which students will vote for student candidates and non-students (alumni, officers, employees) vote for non-students. Voting by mail with proportional representation will safeguard the Coop from a sudden takeover by a small number of members, while offering a way for minorities to have representatives on the board...
...amendments offered by the Coop shift virtually all decision-making power from the stockholders, who are self-appointed, to the directors, who would more than ever represent the membership. The directors instead of the "trustee" stockholders would set the rebate rate, for example. While continuing to hold the 500 shares of Coop stock in trust, the stockholders will become no more than a nominating board for the directors...
...Coop is ever going to change, now is its chance. To approve any amendment affecting the relationship between management and membership at least 25 per cent of the members must vote. Last fall about a thousand members expressed interest in changing the Coop; this fall at least fifteen thousand have to react. The management plans to publicize the changes widely and to allow voting by mail. Only about 30 per cent of Harvard's alumni ever bother to vote for the Board of Overseers...
...unwise of the Coop to allow approval of the by-laws only as a package. for some of the changes are questionable. The number of signatures required on a nominating petition is increased from 25 to 100 and students are guaranteed only one seat on the Executive Committee. The new by-laws specify no procedure for members to propose future changes in the by-laws and give Coop employees no representation in the Society's management. Even so the by-law revisions could make the Cooperative more responsive to its members and should be approved...