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Successful CEOs Share Information With the Board

As the NCUA considers regulatory changes for board governance, I am struck by the amount of time and energy dedicated by volunteers at credit unions.

As the NCUA considers regulatory changes for board governance, I am struck by the amount of time and energy dedicated by volunteers at credit unions. As the business environment gets more complicated, boards and CEOs have to define and clarify their roles and responsibilities. This will require more direct communication and understanding of strategy.

Committing to an intelligent exchange of ideas with your CEO will require some discipline but will yield a stronger culture on your board. Defining board information that directors need to function more effectively is crucial to the security for members.

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Peter Westerman

 

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