A director shall annually attend a course in at least 2 of the following topics offered by a recognized provider of cooperative director education:
(1) Duties and responsibilities of a cooperative director.
(2) Board and management relations.
(3) The board’s role in defining and developing cooperative policies.
(4) Understanding cooperative governance and structure.
(5) Understanding financial statements, key financial ratios, and control tools.
(6) Cooperative finance and equity redemption.
(7) Cooperative strategic planning.
(8) Cooperative membership communication and education.
(9) Selecting and evaluating principal cooperative management.
(10) Board evaluation.
(11) Analyzing and understanding the current cooperative business environment.