Assistant Professor at the Centre for Industrial Relations and Human Resources at the University of Toronto
Report
439
Number
Nov 21 2017
Governance Challenges in Credit Unions: Insights and Recommendations
As governance arrangements of credit unions continue to evolve, this report examines the characteristics of the well-governed credit union, and explores the value and risks associated with cooperative governance models.
Executive Summary
Credit unions are facing increasing regulatory and competitive pressures that have important implications for governance. Are credit union boards able to provide effective strategic direction and oversight of senior management and internal control systems? Should changes be made to board selection processes to ensure directors have the necessary competencies to appropriately assess risk and approve and monitor strategic plans? What key issues need to be considered as the governance arrangements of credit unions continue to evolve?
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