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This case study is taken from CUES® Succession Planning Essentials: Helping Credit Unions Prepare for Tomorrow Copyright 2007.
Having a clear understanding of how board members should interact with an organization’s staff is an important characteristic of an effective board. Learn from three governance experts the steps to take to create the right balance between oversight and management.
A governance committee’s charge is to ensure the board continuously strives to be as effective as it can be—both by proactively monitoring the board’s composition and by focusing on board development, education, and assessment for individual directors and the board as a whole.
The role of the board is strategic. Here’s how one credit union CEO and his board work to maintain the board’s focus on strategy rather day-to-day operations.
Diversity on a board does not mean only racial diversity; it can also include age diversity. This case study highlights some of the cultural challenges one board faces when a young director joins the board.
What makes an effective board meeting? Here are one board chair’s key indicators.
The need for sharing information faster forces boards to find and adapt to new ways of communication. How should boards prepare themselves for new technology while still remaining effective in their decision-making?
This paper provides some ideas for demonstrating appreciation for a former board member’s commitment and service by inviting him or her to continue in a different capacity within the organization.
Board members must be willing to maintain confidentiality. This case study provides key steps to follow in the event that a director fails to do so.
Every new elected member of the board needs thorough orientation to his role and to the expectations that the board places upon him. What are the key elements of effective orientation.
A board mentoring program can have powerful effects on directors’ leadership abilities.
By understanding the power of diversity and by utilizing it appropriately, a board possesses the basic tools for creating a responsive and open-minded organization.
Here’s what your board can do to attract talented director candidates.
Creating a culture of open communications can help to provide a forum for airing concerns and can help the board move toward ensuring accountability, integrity, and stability.
The board of directors should be held to the highest ethical standards to retain the trust of credit union member/owners. A written code of ethics provides the guidelines for the expected conduct of directors.