Given the fast pace in which the world changes, never has the need for continuing credit union board education been greater.
According to Deborah J. Davidson, vice president of governance research/publication at BoardSource, creating a culture of education goes hand in hand with a culture of evaluation and assessment and that commitment has to start at the top with the chairman and CEO.
"If the chairman doesn't care about continuing education, then no one else will because he or she sets the tone," said Davidson. "As far as evaluation, the board should be looking at its own performance annually and individual skills/knowledge assessments every two years. As you compare progress from the prior two years you'll get a clear picture of the strengths and weaknesses of the board, which can then be addressed with more education."
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