Process Overview

Our process involves three distinct phases designed to immerse board members in global governance best practices and the customization and implementation of our best practice-based Credit Union Governance Framework. 

Activity 1: Knowledge

Knowledge is an improved awareness or familiarity with a subject. For the board to understand, properly customize, and fully utilize the Credit Union Governance Framework, individual board members must be knowledgeable about the Framework. Framework knowledge is particularly important to develop before Framework customization and implementation begins. To that end, we teach board members about:

• The best-practices origin of the Framework;

• The key elements making up the Framework;

• The process for customizing the Framework;

• Effective implementation and ongoing utilization of the Framework.

Activity 2: Customization

The Framework comprises best-practice governance principles, objectives, responsibilities, and activities - and should be informed by a credit union’s bylaws and governance traditions. The Framework is not meant to be a turnkey solution but something that is finely tuned to work well within a given credit union’s unique environment. To that end, we work with the board to:

• Capture important governance traditions to preserve in the Framework;

• Assess the bylaws to identify governance actions to incorporate into the Framework;

• Review and update the Framework template, including Framework principles, objectives, responsibilities, and activities.

Activity 3: Implementation

Implementation is putting what has been created into action. Successful implementation is possible only when proper attention is given to planning for and supporting sustainable adoption. To that end,  we work with the board to:

• Develop an implementation project plan;

• Execute the implementation plan;

• Conduct a 1st-year performance assessment of the implementation.

Related Insights

More insights this way >