The writer of a recent letter to the editor ("Board members need to assess themselves", (CU Times, Jan. 12)) made several good points, particularly emphasizing peer review. Scary thought! An easier concept to start with may be to take time on a yearly basis, say at a planning retreat, for board members to privately evaluate themselves using a previously approved set of questions. I believe one of the questions for boards that do not have term limits, should be "Is it time for me to move over and let new blood come onto the board?" Granted that nothing can take the place of experience; nothing, also, can take the place of new ideas and viewpoints by new members. This question if honestly answered by older members who have served an ample number of years, could help revitalize our credit unions for the new century. They can either outright retire or be placed on an emeritus status (no voting rights, but counsel welcome), as some credit unions already do. Bob Swanson Chairman Sierra Central Credit Union
Board members need to assess themselves
Comments
Resource Center
View All »How Enterprise Software Helps Financial Services Firms Improve Efficiency and Reduce Costs
This white paper describes how enterprise software solutions, when built on a flexible and adaptable technology platform, can help financial services firms streamline workflows, consolidate...
Getting Ready for IFRS
This white paper describes how your company can make the transition to IFRS in a timely and cost efficient manner as well as what your...
