What is the role of the chairman in a Bojangles cooperative advertising organization?
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 advertising organization holds a key administrative and financial role. The chairman is elected by the cooperative members and is authorized to call and conduct meetings, collect contributions from members, and deposit 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.
Additionally, the chairman is responsible for initiating collection actions to recover any delinquent contributions from members, ensuring that all members meet their financial obligations to the cooperative. They also handle general administrative and accounting functions, which are essential for the smooth operation of the cooperative. The chairman's term lasts for one year or until a successor is elected, but the membership has the power to remove the chairman at any time through a majority vote.
This structure ensures that the cooperative has a designated leader responsible for managing its funds and administrative tasks, 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 chairman is important, especially if they plan to become actively involved in the cooperative advertising efforts.