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Credit Union Boards Need More Muscle: Infographic

Credit union CEOs and senior managers say board recruiting, director training, and tenure and removal are ripe for improvement.

By Tim Schafer | Updated on April 20, 2014

While some credit union CEOs and senior managers feel their boards are well-informed, they rated board recruiting, director orientation and training and director tenure and removal as areas ripe for improvement.

That was one of the findings from the Credit Union Governance Study commissioned by Sequoia Vantage and performed by Integrated Governance Solutions.

The respondents said board and risk management governance practices were quite healthy overall but some boards may be inadequately equipped to govern in the challenging marketplace of the future.

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