THE STATE OF CREDIT UNION GOVERNANCE, 2020 REPORT
IS AVAILABLE NOW AT CUES.ORG/GovernanceReport2020.
Co-authored by Quantum Governance, L3C and The David and Sharon Johnston Centre for Corporate Governance Innovation of the Rotman School of Management and published by CUES. Key findings include:
- 46% of respondents described their boards as—at best—adequate in attracting the right people to serve as board members
- 60% of boards surveyed do not perform an evaluation of their own performance
- 25% have no process in place for removing underperforming directors
Similar to The State of Credit Union Governance, 2018 Report, the 2020 Report offers a look at current trends in credit union governance and leadership that credit unions can use to strengthen their boards.
“Perhaps most shocking of all, credit union directors often did not fully understand their core role and responsibilities as board members,” said Michael Daigneault, CCD, CEO, Quantum Governance, L3C. “Furthermore, we found boards are all too often focused heavily on operational, day-to-day issues that should typically fall under the purview of the CEO and senior staff.”
Quantum Governance, L3C is a dynamic team of experts in governance, strategy and fundraising designed to partner with your organization and help it reach its full leadership and mission potential.
We can assess the governance and leadership culture of your nonprofit, corporation, credit union, foundation or association. We are proficient in identifying, analyzing, crafting and helping to achieve those governance, strategy and fundraising goals that will advance your purpose. We welcome the opportunity to walk with you on the path of discovery and growth.