Members, through their voting 

 privilege, decide important policy 

 issues as well as the composition of 

 the board of directors. Failure to 

 exercise this privilege can result in 

 an ineffective organization. 



The board of directors is respon- 

 sible for formulating policy and seeing 

 to it that the interests of members 

 are best served. This includes select- 

 ing a manager and seeing that oper- 

 ational policies are carried out 

 effectively. 



In its early stages, a forest products 

 cooperative might operate with a man- 

 ager serving voluntarily on apart-time 

 basis, but as soon as volume is ade- 

 quate a full-time manager is needed. 



The manager must understand the 

 commodity and the industry. He must 

 try to meet the needs of members and 

 have the interest of patrons at heart. 

 Unless an association can afford to 

 hire a capable, full-time manager, it 

 is unreasonable to expect the organi- 

 zation to provide the maximum number 

 of services. 



Cooperative Must Be Well Financed 



No timber products marketing 

 association can have a stable existence 

 unless it has ample operating capital, 

 adequate capital facilities, and reason- 

 able reserves for meeting contingen- 

 cies and for other necessarypurposes. 

 In the case of small woodland owners, 

 obtaining the required capital can prove 



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