Governance & Structure
Understanding Alumaxion's Cooperative Framework
Cooperative Structure
Alumaxion Packaging Solutions is organized and operates as a member-owned cooperative under the Cooperative Business Act. Our governance structure reflects cooperative principles of democratic control, member participation, and equitable distribution of benefits.
Cooperative Principles
Democratic Governance
Each member holds one vote in cooperative decisions, regardless of capital contribution. Annual shareholder meetings determine strategic direction.
Member Participation
Members actively participate in board elections, policy decisions, and strategic planning through voting rights and committee involvement.
Equitable Distribution
Surplus earnings are distributed to members based on their participation and patronage, following cooperative distribution formulas.
Voluntary Membership
Membership is open to qualified individuals and organizations who meet cooperative membership criteria and commit to cooperative values.
Governance Structure
Board of Directors
The Board of Directors consists of 7-9 members elected by the membership at the annual meeting. Board members serve staggered three-year terms to ensure continuity and fresh perspectives. The Board oversees strategic direction, financial performance, and compliance with cooperative principles.
- • Board Chair: Elected by Board members
- • Committees: Audit, Compensation, Sustainability, Member Relations
- • Meeting Frequency: Monthly board meetings plus committee meetings
Member Assembly
The Member Assembly is the supreme governing body of the cooperative. All members in good standing have the right to attend and vote at the annual meeting and any special meetings called by the Board.
- • Annual Meeting: Held in Q2 each year
- • Voting Rights: One member, one vote (regardless of share ownership)
- • Quorum: 25% of membership required for valid meeting
Management Team
The Chief Executive Officer and executive management team report to the Board of Directors and are responsible for day-to-day operations and implementation of Board-approved strategies.
- • CEO: Appointed by Board, reports to Board Chair
- • Executive Team: CFO, COO, VP Sales, VP Operations
- • Performance Metrics: Aligned with cooperative objectives
Member Benefits
Financial Benefits
- ✓Annual patronage dividends based on transaction volume
- ✓Profit sharing from cooperative surplus
- ✓Preferred pricing on products and services
- ✓Access to member-only financing programs
Governance Benefits
- ✓Voting rights in all cooperative decisions
- ✓Eligibility to serve on Board of Directors
- ✓Access to financial and operational information
- ✓Participation in member committees
Membership Requirements
Membership in Alumaxion is open to individuals and organizations that meet the following criteria:
- 1.Active participation in the aluminum packaging industry or related sectors
- 2.Commitment to cooperative principles and values
- 3.Minimum capital contribution as determined by the Board
- 4.Approval by the Membership Committee and Board of Directors
- 5.Execution of membership agreement and bylaws
Financial Transparency
As a cooperative, Alumaxion maintains the highest standards of financial transparency and accountability. Annual audited financial statements are provided to all members and are available upon request.
Annual Audit
Independent third-party audit of all financial statements and controls
Member Disclosure
Detailed financial reports provided to members quarterly
Tax Compliance
Full compliance with cooperative tax regulations and reporting