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CEOs’ Corner: Governance Takes More Than Passion

Because credit union boards are members too, they know how theyre treated as members and what they expect from their financial institution. But at the same time, they need to be more savvy than the average member about whats happening at the credit union.

By Eileen Courter | Updated on August 20, 2012
Consultant Mimi Hull has found that nonprofit board members are often passionate about the organization, but it takes more than passion to govern well.

Because credit union boards are members too, they know how they’re treated as members and what they expect from their financial institution. But at the same time, they need to be more savvy than the average member about what’s happening at the credit union.

Mimi Hull believes CEOs have a responsibility to train their boards so those boards, and likely the CEOs themselves, can be more effective. Hull is president/CEO of Hull & Associates, which provides consulting, speaking, training and facilitation services to a wide range of businesses from Fortunate 500 companies to nonprofits.

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