Report From the Board of Directors
(Photo by Reckless Photography, taken at last year’s AGM After-Party, January 24, 2013)
Board Chair Joel DeYoung’s Report From the Board of Directors appears in the Modo Annual Report 2014, which can be found online.
It has been another tremendous year for our carsharing co-op. Modo’s membership continues to grow, and our fleet of more than 300 vehicles is more diverse than ever, including the newly added cargo vans. We another record year financially, ending with healthy retained earnings on the balance sheet.
Your Board of Directors began the year by engaging in a strategic planning process. We collaborated with senior staff to establish the high-level vision and goals for Modo for the next three years. We emerged from the planning session with consensus on three key pillars:
- Modo is expanding
- Modo is the best value
- Modo is a household name
These priorities reflect our view that carsharing is a key part of a rapidly growing trend in collaborative consumption, and our desire for Modo to continue in a leadership role in our region’s sharing economy.
The Board’s Governance Committee was busy this year, undertaking a comprehensive review of our rules. The resulting proposed changes were presented to members and approved at the Special General Meeting in September. They included changes to allow businesses to become full co-op members, as well as reform of our Board election process.
The last major focus for the Board has been to initiate the search for a CEO to lead the next chapter in Modo’s story. The growth and financial results we have achieved in the last few years have been fantastic. To prepare for even bigger things on the horizon, we want to make sure all the right pieces are in place for Modo to make a positive impact on the sustainability and livability of our region.
Please join me in thanking the staff at Modo for their hard work and selfless dedication to fulfilling the organization’s vision and purpose. I also wish to extend my thanks to you, the members of our co-operative, for choosing to be part of Modo and sharing a passion for changing our world one car at a time.