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Learning Plans

Use the learning plans below to increase board knowledge. Each plan will direct you to relevant videos, articles and whitepapers developed by subject matter experts. Use the plans’ end-of-session questions to help spur board meeting discussions.

Introduction to CEO Relations

Learning Objectives:

  • Identify key strategies to ensure a productive CEO/board working relationship.
  • Describe the steps the board must take to hire the credit union’s next chief executive officer.
  • Discuss the role of succession planning and leadership development in ensuring that the board can respond promptly to replace the CEO in the event of unexpected circumstances.
  • List the components of an executive compensation program and identify the role of executive compensation in rewarding performance, ensuring retention and providing incentives to achieve strategic goals.
  • Discuss the benefits of an effective CEO performance assessment process.
 
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CEO Transition

Learning Objectives:

  • Describe the steps the board must take when considering the hire of the credit union’s next chief executive officer.
  • Identify the CEO leadership competencies the board considers necessary to successfully operate your credit union.
  • Describe the importance of negotiating a written contract with a new CEO as a standard step in the transition process.
  • Identify the benefits of establishing a decision matrix to clarify roles and authority for credit union functions and decisions.
 
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CEO Performance Evaluation

Learning Objectives:

  • Understand the steps involved in the CEO appraisal process
  • Define the board’s role in the CEO appraisal process.
  • Describe how goal-setting fits into the performance management process.
  • Understand the differences between an ongoing appraisal process that focuses on progress toward goals and midcourse corrections and a simple end-of-year review.
 
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CEO Performance Evaluation 2

Learning Objectives:

  • Understand the importance of CEO assessment and have a clear understanding of the board's responsibility regarding the evaluation process.
  • Describe the importance of clarifying CEO responsibilities, job expectations, and annual goals as a crucial element to the success of the evaluation process.
  • Outline a CEO evaluation process that fits the needs of your credit union, board and CEO.
  • Describe CEO assessment as an ongoing process.
  • Understand that steps that should be taken to overcome concerns over improving the board’s current CEO appraisal process.
 
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CEO Compensation

Learning Objectives:

  • Evaluate your role in hiring and retaining your next CEO.
  • Understand the role of benchmarking in developing a competitive compensation plan.
  • Assess which intrinsic and extrinsic rewards will best attract your next CEO.
  • Understand how to align executive compensation with the credit union’s short- and long-term strategic objectives.
 
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