Board Essentials Module 5: Board Membership Basics
Board Membership Basics
The credit union’s board of directors has ultimate responsibility for the
general direction and control of the credit union. The board is responsible for appointing
qualified persons as officers and for evaluating the officers’ management
performance. The credit union’s officers
report directly to the board and must be approved annually. Other major board responsibilities include:
- Establishing and approving the credit union’s overall business goals, standards, policies, and procedures
- Reviewing and evaluating the credit union’s operating results and performance
- Ensuring that the credit union complies with all applicable laws and regulations
Moreover, board members must adhere to high standards of ethics and
confidentiality which require them to avoid conflicts of interest and
self-serving practices. This program
will explain directors’ compulsory legal responsibilities.
Duration 30-minutes
Presented By
Spencer Fane LLP
This Webinar Appears In
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