What authority does the chairman of a Bojangles cooperative have?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
The following provisions apply generally to cooperatives:
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- Each cooperative will elect a chairman who has the authority to call and conduct meetings, to collect contributions from members and deposit the funds, as trustee, in a bank account and to have signature authority over such funds, to bring collection actions to collect delinquent contributions and to perform general administrative and accounting functions. The chairman may be elected for one year or until his successor has been duly elected. A majority vote of the membership may remove the chairman at any time.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 37–49)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the chairman of a cooperative has specific authority related to the cooperative's operations. The chairman is responsible for calling and conducting meetings, collecting contributions from members, and depositing these funds into a bank account as a trustee. They also have signature authority over these funds, enabling them to manage the cooperative's finances.
In addition, the chairman can initiate collection actions to recover any delinquent contributions from members, ensuring that all members meet their financial obligations to the cooperative. The chairman also handles general administrative and accounting functions necessary for the cooperative's smooth operation. The term for the chairman is typically one year, or until a successor is elected; however, the membership has the power to remove the chairman at any time with a majority vote.
This structure ensures that the cooperative has a designated leader responsible for financial and administrative oversight, while also providing a mechanism for the members to hold the chairman accountable. For a prospective Bojangles franchisee, understanding the role and responsibilities of the cooperative chairman is important, as it reflects the governance and financial management of the cooperative they may be required to join.