Everett Dobrinski Chairman February 11 2016 CoBank Elected Directors 2016 CENTRAL NORTHWEST WEST MID PLAINS SOUTH EAST CoBank Outside amp Appointed Directors 2016 Appointed Directors ID: 805959
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Slide1
Governance Restructuring At CoBank
Everett Dobrinski, Chairman
February 11, 2016
Slide2CoBank Elected Directors – 2016
CENTRAL
NORTHWEST
WEST
MID PLAINS
SOUTH
EAST
Slide3CoBank Outside & Appointed Directors – 2016
Appointed Directors
Catherine Moyer
CEO, Pioneer CommunicationsKansasStephanie Herseth SandlinCorporate attorney & former CongresswomanSouth DakotaOutside DirectorsBill FarrowCEO, Urban Partnership BankIllinoisBarry SabloffEVP, Bank One (retired)Illinois
Slide4CoBank Restructuring Committee
CoBank Board Members
Mary Fritz (chair)
Less GuthrieJim KinseyDavid KragnesJon MarthedalGary MillerNon-Board Customer RepresentativesPatricia AndersonTodd FojeAndy GilbertAlan HessJulie ShiflettMark Stubbs
Slide5Restructuring Timeline
2012
a
Board expands after merger with U.S. AgBank2013aBoard consolidated to 24 elected seats per merger agreement2014aAppointment of board restructuring committee2015aGovernance bylaw changes approved by shareholders2016 - 2020aGradual implementation of governance changes
Slide6CoBank Elected Directors – 2016
CENTRAL
NORTHWEST
WEST
MID PLAINS
SOUTH
EAST
Slide7CoBank Elected Directors – 2020
CENTRAL
NORTHWEST
WEST
MID PLAINS
SOUTH
EAST
Slide8Lessons Learned
Importance of input from customer-owners
Significant value from outside facilitator
Discipline created by periodic governance reviewsFocus on the long-term interests of customer-owners!
Slide9Governance Restructuring At CoBank
Everett Dobrinski, Chairman
February 11, 2016