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10 Best Practices in Board Governance: How the Board Can Protect Your Credit Union (Director Series)

Date: April 30, 2014

Time: 3:00pm - 4:30pm

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Wednesday, April 30, 2014

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

In the last few years, credit unions of all sizes have faced uncertain economic conditions, an increased emphasis on consumer protection, and mounting regulatory requirements – all of which have placed additional pressures on their management and boards. What can a proactive board do to help protect the credit union and guide it forward? This webinar will review ten best practices in corporate governance, the primary responsibilities of effective board members, and several red flags you should understand. With increased focus on boardroom effectiveness and management behavior, it’s important to step back, review your governance processes, and be forthright in making necessary changes. A credit union built on a sound foundation of strong corporate governance will have a significant advantage in any economic climate.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Best practices for boards of directors
  • Responsibilities and attributes of an effective director
  • Board basics – effective organization and operating procedures for boards and committees
  • Board responsibilities in understanding the regulatory environment
  • Preemptive strategies for regulatory complaints focused on directors
  • Red flags of poor governance
  • Benefits of self-assessment
  • TAKE-AWAY TOOLKIT
    • Sample board member self-assessment
    • Sample board member skills and experience matrix
    • Sample individual director evaluation
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is directed to board members, Supervisory Committee members, and credit union executives.