PFC Board of Directors Meeting
Minutes for September 15, 2003

Attendance
Board Members: John Austin, Linda Diane Feldt, Arun Mathur, Howard Shapiro, Duane Thomas, Laurie White, Martin Piszczalski, and Carol Collins (PFC General Manager.)

Guest: Herb Alvord, PFC Member/Owner

Anne Benedict, PFC Human Resources Director - facilitator

Kathryn Sanderson, volunteer note taker - minute taker

Meeting called to order: 7:30 pm by Anne Benedict

Consent Agenda
Minutes and Web minutes of 8/18/03 meeting, and acceptance of Board self-monitoring G.9 Board-Membership Communication by Martin - all directors having reviewed and understood these materials, they were accepted and approved 6-0-1 with Howard abstaining.

Bid on Financial Services (Howard)
The Yeo & Yeo bid for the 2003 financial review was approved unanimously. A full financial audit for 2004, provided that a 10% cost overrun cap can be negotiated with Yeo & Yeo, was provisionally approved 5-1-1, with Howard voting against and Laurie abstaining.

Informal Report on Café project and NCGA (Carol)
Cafe: plan to move counter to increase seating capacity, improve work movement efficiency, and provide better flow for customers.

NCGA (National Cooperative Grocers Association): Carol will attend meeting on 9/19/03 in Fort Wayne, where input will be given on a proposal to restructure NCGA. Board supported Carol depositing $10,000 in a Co-op bank account for 24 months. Interest 2.4%, FDIC insured.

Nominating Committee Report (Arun)
Discussion of Board recruitment, establishing criteria/qualifications for candidates, and possible endorsement of a slate of candidates by the Board. Ideas included allowing more time for the candidate application process and establishing an e-mail list-serve for communication with the membership.

Ends Policy Discussion (Duane)
Discussion of the scope of E.3 and the meaning of member engagement.

Next Meeting
Monday, October 20, 2003 7:30pm at Menlo Innovations (212 N. 4th Ave).

Adjournment - 9:40 by acclamation.

Respectfully submitted by John Austin, Board Secretary.