As a customer-owned financial cooperative, CoBank is governed by a board of directors drawn from the rural industries we serve. Our 2020 board consists of 14 elected directors from six voting regions around the country as well as two appointed directors and two outside, independent directors with no customer or Farm Credit affiliations.
CoBank’s board uses a committee system to assist in fulfilling its oversight responsibilities. The board has established five standing committees: Executive, Compensation and Human Resources, Audit, Risk and Governance. The board reviews each committee charter annually.
To help ensure that the bank continues to attract a highly qualified and diverse board, CoBank’s board also has independent nominating committee charged with identifying qualified candidates for board membership and reviewing director nominations. No current board member may serve as a member on the nominating committee.