How does your board use its formal and informal authority for the good of the credit union?
by: Michael Daigneault, CCD
While there are as many definitions as governance as there are consultants in this world, here atQuantum Governance, we believe that governance ultimately deals with the legitimate distribution of authority throughout a system–whether it’s a country, a corporation or a nonprofit like a credit union.
We believe governance is ultimately how organizational leaders use both the formal and the informal authorities vested in them. How they think, make decisions, develop strategy, persuade, develop future leaders, structure their board andexecute initiatives.How theycommunicate with key stakeholders … with their staff … with their customers … with their marketplace … with their constituents … and even with each other.
