From Your Board Chairman, Rick Love

From Your Board Chairman, Rick Love

Posted on December 28th, 2018

When I began serving on the First Electric board in 1998, I didn’t realize the profound impact it would have on my life. As a longtime member of Rotary, I try to apply the motto “Service Above Self” in all areas of my life. Further, I believe my greatest directive in life is to “love my neighbor as myself” - and I view every co-op member as a neighbor.

As board members, we have a fiduciary duty to act in the best interest of the members we represent. That might sound simple, but even with a strong business background, board service requires continuous training, commitment and a willingness to learn complex issues of the utility industry. The landscape has expanded to include topics such as cybersecurity, broadband and power supply choices. Five competencies have been identified as critical for a co-op director today:

  • Being a quick study.

  • Openness to new ideas.

  • Ability to engage members as needs change.

  • Ability to connect with directors of other generations.

  • Ability to analyze complex information prior to making a decision.

All of this takes time. My wife, Judy, says, “Rick’s schedule seems to change hourly. The only thing that is sacred is the co-op. Board meetings and other co-op business are first priority and are never negotiable.” It’s a running joke at our house that any scheduled activity is likely to change half a dozen times and may not ever take place, but a co-op meeting is etched in stone. I say this to let you know that your First Electric board members are committed to representing you.  

My goals with this column are to introduce you to the other First Electric board members, to inform members as to current activities/trends, and to highlight issues First Electric and other co-ops are facing.

On behalf of the First Electric board, thank you for your membership and support of your cooperative.

If you have questions for me, please send me an email and I will contact you.

Sincerely,

Rick Love, Chairman

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