As a board member, when you rise to the position of a fiduciary it becomes a duty, not a just a responsibility, under California law and defined by the Secretary of State, to hold to three principles. Honesty, transparency and protection of assets.
People who visit this site should be reminded that this effort is to save our coop – and is not a political hit game. We are interested in having people on the board of directors who act in legal fiduciary capacity for the members’ interests of the North Coast Coop. This is a fiduciary duty, and, as such, can have nothing to do with politics.
In reality the political stripe of whomever squandered the three quarters million dollars is probably irrelevant to most shareholders.
Continuing with the inexperienced management who enabled this loss is not.