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Benefits
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Effective Board development results in the successful performance of the board’s primary directive: “The Board shall have the general direction and control of the affairs of the credit union and shall be responsible for performing all duties customarily performed by Boards of Directors.”
“All that is valuable in human society depends upon the opportunity for development accorded the individual”
Albert Einstein
“The perfecting of one’s self is the fundamental base of all progress and all moral development.”
Confucius
“Income seldom exceeds personal development.”
Jim Rohn
There is a great need within credit unions for strong Board governance, including acquiring and developing high-quality Directors who execute the Board role effectively. Effective Boards own their role, which is strategic and doesn’t extend into the tactics.
Investing in your Board’s effectiveness may be the greatest single investment you can make in the future of your credit union. Because Directors are volunteers, they are often greatly benefited by focused, customized development.
Nice’s Board Development process equips your Directors with a clear understanding about their roles and responsibilities and where they should focus their time in Board meetings in order to best serve the credit union. It gives your Board the necessary information and tools to become truly strategic leaders that employ the principles found in your credit union bylaws and to deliver their unique contribution as member-owner representatives.