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Cotton Incorporated 2008 Annual Report

Administration

Administration

The Corporate Administration Division is comprised of four departments: Board of Director Services, Human Resources, Intellectual Property and Contracts, and Corporate Office Services. Administration provides essential services to the other divisions within the company. Key objectives within the division are:

  • providing support to Board members;
  • providing recruiting, benefits management and training and development services to the company.
  • providing legal services as liaison between staff and outside legal counsel; and
  • maintaining a work environment conducive to productivity and fulfillment of the Company’s mission;

Administration Highlights


Board of Directors Services

Cotton Incorporated’s Board of Directors is charged with determining the mission and strategy of the company and ensuring effective organizational planning. Directors and Alternates also act as ambassadors of the Cotton Research and Promotion Program by keeping constituents informed of company activities and the benefits of these activities to producers of U.S. cotton and importers of cotton products. The Board of Directors Services Department is responsible for coordinating four Board of Directors meetings, one Executive Committee meeting, and in cooperation with the USDA, Caucus meetings for each of the cotton producing states nominating new Directors or Alternates to Cotton Incorporated’s Board of Directors. Board Services activities include: site selection, agenda development, meeting planning and coordination with the Cotton Board; tracking of Directors’ history; compiling of information for the Board of Directors roster; and distribution of the Quarterly USDA Report to all Board members and Cotton Board Members.

Over the past year, the Board Services Department has facilitated work with the Board of Directors sub-committees in the development of a CEO succession plan, reviewing and restructuring the focus of the Board meetings; assisting in the development of accountability standards to measure program effectiveness, and issues related to the company’s benefits plan.


Human Resources

The Human Resources Department manages the company employee benefits program, employee relations, recruitment and retention of employees, and offers training and development sessions to Cotton Incorporated’s managers and employees.

In 2008, Human Resources implemented a revised Employee Handbook to further simplify, clarify, and modernize existing policies to ensure legal compliance. In addition, new policies were added to further improve internal controls. Training was provided to staff in interviewing and hiring best practices, and in managing performance and productivity.


Intellectual Property & Contracts

Intellectual Property & Contracts manages the intellectual assets of the company, which include patents, trademarks and copyrights. In addition, this department serves as legal liaison between Cotton Incorporated’s staff and outside legal counsel; is responsible for the licensing of patents and trademarks; drafts, reviews, and negotiates contracts; provides administrative services for all company sponsored research projects; and manages all office leases.

The company has seen a significant increase in the illegal use of our trademarks as well as challenges by third parties to the ownership rights of innovation such as the TransDRY™ and WICKING WINDOWS™ technologies. The Intellectual Property & Contracts department has been actively engaged in the defense of our intellectual property rights.


Corporate Office Services

Corporate Office Services is responsible for property management, office environment, and equipment and supplies. The department maintains over 300 vendor relationships to provide employees with a work environment conducive to productivity.

To ensure the safety of company property and employees, Corporate Office Services has worked to enhance the risk management program through the review of property and casualty insurance programs and enhancements to safe travel, both domestically and overseas. Work has also begun, and will likely be concluded in 2009, on the development of a disaster recovery plan, which will ensure business continuity in the event of a facilities disaster.

As part of the Company Sustainability initiative, Corporate Office Services has made our facilities more “green” by:

  • Implementing a smart irrigation system with sensors that direct watering only when it is needed. In addition, only reclaimed water is used with this system.
  • Computerizing internal controls to allow for energy-savings directives for after hours/weekends/holidays;
  • Installing motion detector lights with timers to conserve electricity;
  • Ongoing recycling efforts for reusable materials.




 

 





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