A common thread weaving its way through credit union governance discussions of late is the suggestion that a board must look like its membership.
The premise is that a board must reflect the diversity of its membership (a mix of races, age ranges, ethnic backgrounds, professional experience, etc.) in order to properly represent unique member-owner interests.
This is a false assumption that has caused many boards a great deal of anxiety not to mention pursuit of a misguided end.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.