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Exceptions on compensation bar now apply to certain non-voting volunteers as NCUA rethinks reimbursement
What are the best steps to take to recruit new board members? How to conduct a successful search.
Executive sessions are an important tool in effective governance. When is it appropriate to hold executive sessions and how can they best be conducted?
United Nations FCU leverages the Carver governance model to focus its board on policy-setting rather than operational details, to the benefit of members.
Boards can implement this meeting tactic to “bundle” mundane and non-controversial action items for approval in one vote. Used properly, this approach allows the board to preserve more time for topics that require group discussion.
PSECU’s board of directors use an associate director program to prepare and evaluate potential board members.
Managing group dynamics for productive retreats and committee meetings can require up to three proactive steps: (1) develop a shared commitment to applying the underlying principles of good group dynamics, (2) create a well-designed structure that supports good group dynamics for every retreat and committee meeting, and (3) bring in a skilled facilitator or ensure the group leader is skilled in group facilitation.
There are many ways to comply
Three questions can help you decide whether to run your electronic election in house, with the assistance of a consultant, or using the product or service of a third-party vendor.
It is the duty of the board to approve the ballot format for director elections, and to ensure the integrity of the voting process itself.
Being seen as credible will help you be an effective director. Managing your interactions with other directors, the CEO and others before, during and after the board meeting can help boost your reputation.
Bringing in new board members on a regular basis provides the board opportunities for renewal. This article outlines the benefits and challenges of term limits.
To succeed, 21st century boards must turn from governance to governance leadership.
Credit union boards can use this checklist to consider whether their governance qualifies as “high performance” or whether improvements can be made in key areas.
Boards need to go beyond thinking about finances and strategy and hold discussions that frame challenges in a whole new light.