What is the Greenback Incentive Plan?
It is a unique scheme that encourages members to participate in their co-op community, while at the same time rewarding members for their participation. Origin Even though Shamrock Co-op has always had a very high member partcipation rate, the Board of Directors was concerned that some members were not motivated enough to actively participate in the affairs of the co-op. In addition, there was no real consequence for non-participation and there was no mechanism in place to measure member participation. In 1999, the Board of Directors decided to try an innovative method to boost member participation. The co-op’s Community Development Committee, the Board and Staff worked together to put the Greenback Incentive Plan in place. Criteria for participation and consequences for non-participation were developed as a first step. After a lengthy process of consultation which involved various committees and members, the draft plan was sent to the Annual Members Meeting where it was debated and ap
