Board Succession Policy Template for Credit Union

To achieve a high performing, accountable, governing Board, it is understood that the Credit Union needs to take deliberate, continuing and intentional actions to maintain the quality and ongoing effectiveness of its Board. This Policy provides a framework to guide the oversight of the recruitment, vetting, nomination and election of its Board members to ensure that the Credit Union’s Board is ultimately composed of individuals who will collectively direct it with prudence, integrity, professionalism and a strong commitment to its mission. The Policy supports the development of the collective skills, experience, attributes and diversity necessary for the Board to effectively govern and lead the Credit Union, in constructive partnership with the Chief Executive Officer (CEO) and Senior Management.