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Organizational governance is under intense scrutiny today. Credit union
boards are reviewing and revising their roles in light of the
increasing complexity of their organizations. They want to operate at
the "strategic or policy" level but frequently drift into operational
discussions. This can lead to tendencies to micro-manage the
organization. It can also blur the lines of authority between the
Board and the CEO.
The ProCon Governance Model is successfully strengthening the Board/CEO relationships in credit unions throughout the country.
Greg Smith, CEO of PSECU in Harrisburg Pennsylvania says, "Our
Board has adopted the ProCon Governance Model -- customized for our
credit union. As a result, our meetings are more focused with Board
members well engaged. The process of developing the model provided an
opportunity for valuable education and consensus building benefiting
both the Board and the staff of PSECU."
Using the model, the Board also defines its responsibilities as a
team. It is clear what Board members should expect for one another. The
Board, not the staff becomes responsible for excellence in Governance.
Brian Hall, CEO of Foothill Federal Credit Union in Pasadena,
California states, "Since establishing our board Governance process,
our Board members are asking better questions and staying more focused
on our strategic objectives. As a CEO, it's now much easier to link
executive team communications to strategic goals, especially the goals
established by the Board of Directors in our Strategic Scorecard. The
governance process was well worth the time and energy invested."
For more information contact us at 608-821-1414 or via email.
Related Links
-- Could boards become the weak link?
-- Boards and the Organizational Scorecard
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