Why does DEI matter to us as board members
Like many of you, I’ve been fortunate to have volunteered my time on several local boards. Early on it was with an amazing group of older white men that took me under their wing [...]
Posts Tagged ‘Board Members’
Current board fiduciary duties require serious focus
Pressures facing credit union boards are extremely high and directors are dealing with more complex challenges. Just like counterparts on paid for-profit company boards, these hard-working women and men have major fiduciary exposure, but without [...]
Board members and staff surveys: Yes, get them AND be careful!
Board members are you getting the full value that the CU can get from the staff survey? Are you getting the results and do you know what’s being done as a result of the [...]
When is it time to go?
The question of board tenure and when to step down is popping up more frequently these days, usually broached either by credit union directors who have faithfully served on their boards for a long time [...]
The new talent: How to recruit and retain young and diverse board members
For the past two years, I have attended the a large credit union board of directors conference as part of the delegation of 360 Federal Credit Union, based in Connecticut. Both years I had generally [...]
Good Governance: The board and the CEO should play doubles tennis
If you’ve spent any amount of time with us folks at Quantum Governance—either at a large, general session at a CUES conference or in a private, retreat setting, you know that we talk [...]
Good Governance: Here’s why I shouldn’t leave the board
Every governance educator I know working with CUES has made it clear to their audiences and in their content pieces for CUES that board term limits and more frequent replacement of board members is the [...]
Find your voice as a board member
“A credit union is not an ordinary financial concern… it is the expression in the field of economics of a high social ideal.”– Alphonse Desjardins The credit union movement has seen some significant changes since [...]
Good Governance: Many board problems boil down to communications challenges
A great number of the governance challenges that we come across in the work that our firm, Quantum Governance, L3C, undertakes with credit unions can be boiled down to matters of communications. Are your board [...]
Final score: Board – 1; CEO – All others
“Members of the Board, I would like you to meet our new CFO,” said the CEO of a large credit union as he introduced the newest executive. Pleasantries were exchanged, small talk occupied several minutes, [...]
Get out the eVote
Three credit unions describe how they use electronic balloting to improve their board election processes. For credit unions seeking to make their board elections more efficient, cost-effective and convenient, adding an electronic voting option likely [...]
The board-term debate
I was fortunate to recently facilitate a roundtable of credit union board chairs at NAFCU’s 51st annual meeting. The purpose of the roundtable was to debrief the week’s conference and identify important strategies [...]
Making your board ready for 21st century duty
Ask credit union governance experts what has gone wrong with credit union boards and there’s no hesitation in the answer. Everybody knows what’s wrong with them. J. Keith Hughey, a longtime governance expert, [...]
Paying board members reduces likelihood of CU insolvency
A study published earlier this year provides support for paying credit union directors. The issue of whether or not to pay a credit union's board of directors is a controversial one within the credit union [...]
Good Governance: The ever-elusive millennial director
An almost universal goal among credit union boards in recruiting new directors is to improve their outreach to millennials. A common expectation is that prospective directors from the generation born from 1981 through 1997 would [...]