first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Today’s credit union board elections have taken on a different hue. Consider these questions:When’s the last time your credit union had a contested election?How many qualified members are knocking down your door wanting to get involved in governance?Have you gone outside your membership looking for experienced leaders willing to serve on your board?Has your membership elected someone to the board who, previous to their nomination, was not a member chosen by the board?Has a director resigned, creating an opening that was filled by appointment?Have you profiled the board you think you will need going forward and found it difficult to find that talent among current members?These are common challenges in the selection of board members. It’s rare for a board election to be contested. CEOs don’t like uncertainty, and boards are inclined to narrow the odds in favor of a selected candidate. Candidates usually prefer knowing they will be elected. We live under the false assumption that election to credit union boards is a democratic process when in reality it’s a pipeline mostly controlled by the board in power. I know one large credit union that requires any new board candidate to secure 500 member signatures in support of his or her candidacy. How often do you think a newcomer is willing to take on that requirement without support from the sitting board? continue reading »last_img

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