CEO Feature: Why I’m running for the Vancity Board
Blog post written by Patrick Nangle, CEO, Modo Co-operative
One of the core values of a co-operative is democratic member control. Co-operatives, such as Vancity and Modo, are democratic organizations controlled by their member-owners, who actively participate in setting the co-op’s policies and decision-making. Member-owners elect fellow members to the co-op’s Board to represent them. I have a first-hand experience of the value of this representation in my relationship with Modo’s Board.
Vancity has been a long-standing partner to Modo, including helping us buy our very first cars. They’ve supported Modo and its membership on so many levels over the past 22 years. I have been deeply impressed by Vancity’s authentic commitment to values-based banking, reinforced during a co-operatives study tour with a group of Vancity employees during the summer of 2018. Their purpose aligns very closely to our own.
I am excited to be joining seven other candidates to stand for election this year, for three open positions on Vancity’s Board. My motivation to run stems from a desire to make a bigger difference in areas that are critical to our future, including affordability, sustainability and stronger communities. On a personal level, I am engaged locally in issues of transformative transportation, affordable housing and responsible business, and mentor several young entrepreneurs.
As CEO of Modo, I have a practical, front line understanding of how co-ops work and the positive impact they have on our communities. My experience on boards runs deep. I have been on boards, reported to boards and understand how they function. My career leading companies from 50 to 11,000 employees, most recently as President and CEO of Purolator, has given me the skills and experience to understand the complexity of Vancity’s business and give guidance and direction to its purpose, strategy and operations.
As a member of any co-operative, exercising your right to vote gives you a meaningful way to contribute to your co-op’s future wellbeing. This year there is an outstanding selection of candidates running for the Vancity Board. If you’re a member of the credit union, I strongly encourage you to cast your vote and participate in the democratic process.