Five Data-Driven Recommendations for Future Success
How are credit union boards performing? The State of CU Governance, 2018 reveals credit union board, supervisory committee and senior staff members' responses to this very question.
Based on CUES’ Board Governance Assessment data collected over five years, this report draws six key findings about the current state of CU governance. The research also analyzes participant responses in five key assessment areas, including:
- Vision, Mission & Strategy
- Board Structure & Composition
- Fiduciary Oversight
- Governance & Leadership
- Supervisory Committee
Key findings include:
- Board members and CEOs frequently differ on their perceptions regarding governance. Board members and CEOs differ on 84% of the survey’s crucial questions.
- Board member and CEO perceptions diverge based on tenure. Board members who have served many years have more positive views than those board members with less tenure. Conversely, CEOs with longer tenures tend to have more negative views than CEOs with shorter tenures.