REI Co-op structure ?
I’ve been a member of REI since 1990. Can someone in the know, please explain the REI Co-op structure and co-op controls?
I’ve belonged to two other large Co-ops over the years, and they have both operated differently than REI.
The other two co-ops: - have annual meetings where Co-op members can be heard - have annual reports to members of all the major co-op activities during the past year, plus upcoming projects, including a certified financial report - have annual elections for members of the Board of Directors — one co-op has BOD members on a 3 year cycle, with the end dates spread out across the 3 years, and the other has BOD members on a 2 year cycle, with half one year and half the next - one of the co-op’s has an annual membership satisfaction survey, which has a large and direct bearing on any bonuses/salary increases to the C-suite staff.
I don’t see any of this at REI.
While REI advertises as a co-op I’ve never really understood how it’s a co-op — seem’s like it more just a membership shopping experience like Sam’s or Costco.
Thanks in advance