Due Diligence for Directors

Guidance questions for a due diligence process for a new co-operative director Directors of co-operatives are required to exercise reasonable care, skill and diligence. This guidance note follows the recommendations set out in the FRC Guidance on Board Effectiveness. A prospective director (whether elected or appointed) should undertake his/her own thorough examination of the co-operative to satisfy themselves that it is an organisation in which they can have faith and in which they will be well suited to working, and being involved, with. The following questio...