C-Mac Industries | Company
C-Mac Industries
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21.01.2022 New Owners | C-Mac Industries - Innovative Metal Solutions Hi, I’m pleased to introduce myself as one of the new owners of C-Mac Industries, as the team and I look forward to bringing a fresh approach to delivering your innovative metal solutions and needs.... Operating for more than 50 years, I understand you may have had business with C-Mac recently, or quite some time ago. I wanted to write and let you know that prior to acquisition, many clients reached out and made us aware of challenges they faced with C-Mac Industries. I am confident we can outperform previous processes to assist in solving any issues you may have. Under new management C-Mac Industries is no longer an employee cooperative, but a family run business. Our location and tools may remain the same for now, but our management plan is to expand while exceeding your previous customer service expectations. Please call or drop in if your nearby, as I would like to hear your feedback, and let you know we’re here to assist at any time. Matthew Brown Owner +61 407 775 222 Jake Brown Owner +61 437 775 222 Michelle Knight Administration Manager +61 428 781 235 Our commitment to our new partnership with you through C-Mac Industries is to ensure you get what you ordered on time and fit-for-purpose. We are proudly Australian made, owned and look forward to developing new innovative solutions for your needs. Regards, Matthew Brown +61 407 775 222 | https://www.cmac.com.au/
16.01.2022 Board Training today! Attended Customs house in the City with Chris and Frances today. Interestingly there` was a tugboat coop in attendance. My take-aways for C-Mac members: NSW Coops has 88 members. There is 600 coops in NSW and 1700 Australia wide. ICA (International Cooperative Alliance) has 8 sectional organisations... NCL (National Cooperative Legislation) section 10 Outlines the Principles of Coops Boards need to ensure these are considered in all decisions. People and companies can together be members of a cooperative. Member education was identified as key to coop sustainability and a defence to sale. Social perspective/element/benefits shouldn’t be underestimated in cooperatives Communication must go to all stakeholders including customers and suppliers. Circulation of minutes to members is at the Boards option. 3hrs is max length of time for a Board meeting Member selection/approval is very important to get the right coop attitudes * active membership rule change is the only rule that needs pre-approval by NSW Fair-trading before it can be voted on by members Directors need to ensure policies are in place and implemented * Hard decisions need to be captured in policies for future reference * template polices available from Coops NSW Board must establish purpose and strategies by asking members what do you want?than develop a plan and have it implemented. Be strategic - where do members want to go. Boards need to be focused: look at 3 issues and resolve these before moving on. You can only eat an elephant one bite at a time Roles of Governance: 10 subjects discussed - PowerPoint slides will be emailed Understand and monitor your Current Ratio and Debt to Equity Ratio Great experience: All members (not just directors) should be encouraged to do this training course. #cooperative#c-macindustries#boardtraining#coopsnsw
12.01.2022 "Stakeholders with an actual Stake" at Common Wealth. Better Enterprises will be the focus of Robert McMaster (Director of C-Mac Industries Co-operative) 15-18 minute TEDx talk Having been on a nine-year succession journey transferring McMaster family manufacturing business to the employees by creating an employee-owned worker cooperative, one of a hand full in Australia. ... Rob is am now advocating that an alternative model has been created successfully, making it easy for others to follow. Saving jobs and skills in Australia and providing better sustainable businesses. Followed by the link to the conference https://events.humanitix.com.au/common-wealth Promo code: CMAC = 20% off
10.01.2022 * INTERNATIONAL CO-OPERATIVE ALLIANCE ASIA-PACIFIC RESEARCH CONFERENCE Thursday 12th - Saturday 14th December 2019 120 representatives from Korea, Japan, Malaysia, India, Fiji, NZ, Sri Lanka - mostly academics and practitioners in the cooperative space. C-Mac presented a paper on decent work... Some interesting takeaways for C-Mac members to ponder: City of Prestons in the UK (influenced by an academic) promoted cooperatives and brought millions of $$$ into the local economy. (AJ & Parramatta City Council?) We now have the contacts in the UK to exchange information to find out how this was done. There are 16 worker cooperatives in Australia. It was suggested that each coop should be rated for its adherence to The 7 Cooperative Principles as many coops were ignoring coop principles. Coops need a compelling reason for members to stay: Fellowship and price was suggested as the main incentives. However, members must be prepared to help. If we don’t keep our technology up to speed we are gone! Having a fully integrated supply chain doubles a coop’s output. Better profits and higher incomes are then earned. There must be equal emphasis on marketing and production Smaller coops find it easier to meet changing industry standards. The biggest workers coop in Australia calls their GM or CEO a Coordinator 33 brains are better than 1 for innovation (comment by worker coop in Tasmania) This worker coop (33 members) has a General Meeting every 4 weeks and a Board meeting every 2 weeks! What is a cooperative? video https://bccm.coop/ Newcastle Uni has Graduate Training in Cooperatives - suggested that C-Mac’s 3 GMs consider course! Institute of Company Directors doesn’t have coop training! Suggested online resources: Incubator.coop Digital Platform coop - social.coop Institute for new economic thinking I got invited to speak at another event by a participant #workercooperative #employeeownership
06.01.2022 C-Mac attended seminar at Launchpad, Uni of Western Sydney on Cyber Security. Unfortunately C-Mac had a major cyber attack November last year which played chaos for 3 weeks with our computer system costing us $15,000 in consultant costs and 3 weeks of lost time and heartache. Even though we had insurance for data reinstatement the insurance company rejected the claim. Have you got these few things in place? Cyber insurance... Know where to report an attack - OAIC a cyber offence notifyable data scheme Attacks are increasing with 20% more breaches every year costing 6 trillion dollars worth of damage. 32% of breaches is human error. Business email compromise is 75% of all attacks. Average cost of attacks is $250,000 Attackers are learning about their victims before attacks. Average dwell time prior to an attack is 200 days in your system. Ransom $ value is variable and based on your businesses financial statements. Multiple attacks can be expected. Strategy: Identify, protect, detect, respond with recovery systems in place. - Have checklist of your cyber plan actions for when attacked. You will be shattered and not able to think clearly. - Secure all devices, servers, backups, external access - Use password managers e.g. Lastpass with multi factor authentication. - Patching updates should be automatic - Must have Encrypted databases - Backups on and off system - Must have SSL certificate to protect site - Know which country your data is stored in. - Train all staff on cyber security It’s a balance between risk and how much money you have to spend!
