Expectations and demands on credit union boards have never been greater. Challenges of ever-changing business trends and industry disruption, especially related to technology and cybersecurity, require advanced skill levels and continuous learning. When you add the constant demands of contributing to and overseeing strategy, it means that credit union directors must up their game. Directors need the background, skills, and a commitment to continuous improvement through learning to execute their responsibilities as board members, to handle strategic challenges and to make sure management is up to the test. The days of thinking of strategy as an annual, “review-and-concur” event are over. Waiting for an annual strategic planning retreat means missing threats and opportunities. Credit union boards appreciate that they must be more involved with and pay more attention to strategy. A recent survey by the National Association of Corporate Directors (NACD) illustrates how public company directors know they must do more. The NACD found that 71% of directors surveyed felt they should better understand the risks and opportunities that affect performance and drive strategic choices. Nearly as many directors (67%) said their boards needed to improve contribution to strategy development and boost oversight of strategy execution.Boards must make discussing strategy a priority at every meeting, and robust board engagement with strategy takes time. The NACD reported, however, that over half of the directors they surveyed felt that there was not adequate time for in-depth strategy discussion at board meetings. Effective and well-designed, regularly refreshed CEO dashboards are a focus for our clients. They can help directors stay briefed between meetings and allow directors to track strategy implementation between meetings. Directors arrive at meetings prepared for thoughtful engagement. For credit unions, like public companies, technology is very often critical to strategy. Yet, the NACD found that only about 50% of the directors surveyed discussed the technology investment needed to support strategy at their meetings. Additionally, only 38% felt they had sufficient metrics to assess the progress of technology-related strategies. Cyber security is critical to credit unions and public companies alike. Yet practically all of the NACD respondents felt challenged in gaining adequate knowledge to oversee cybersecurity issues. Even the directors who are most knowledgeable in this area are finding the quickly and continuously changing nature of cyber threats difficult to monitor. Imagine the difficulty of a director without such a background. Rigorous strategic decision-making depends on the quality of director knowledge and experience. Many credit unions, however, find that the skill level does not meet current demands and that adjustments are needed. Every credit union’s situation is different, and many know what needs to be done but are unsure how to execute these changes effectively and with a process that is fair, criteria-based and strategic. Enhanced director skill levels combined with a focus on continuous learning, strengthens the board’s culture and its ability to oversee the credit union’s business and contribute to enhancing member products and services on an ongoing basis. 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Stuart R. Levine Founded in 1996, Stuart Levine & Associates LLC is an international strategic planning and leadership development company with focus on adding member value by strengthening corporate culture.SL&A … Web: www.Stuartlevine.com Details
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ON JANUARY 16 Colombia’s railway authority Ferrovías launched a competition for a 30-year concession to rehabilitate, maintain and operate freight services over its Atlantic network; bidding is due to close on July 16.The concession covers 1284 active route-km of 914mm gauge, formed by the Chiriguana – Dorada – Bogota – Belencito route and branches to Medellin, Mariquita and Lenguazaque. The currently disused Mariquita – Neiva, Buenos Aires – Picalena and Bucaramanga – Puerto Wilches lines, totalling 434 route-km, will also be included should a bidder want to run them.Rehabilitation is to be undertaken within five years, with the cost shared by the concessionaire and the government. The concession also includes the rehabilitation and maintenance, but not operation, of the Chiriguana – La Loma (28 km) and Ciénaga – Santa Marta (35 km) sections of the Chiriguana – Santa Marta route. Ferrovías is upgrading the intervening 182 km from La Loma to Ciénaga for export coal traffic under an agreement signed with mining company Drummond (RG 12.96 p790). o
About the authorFreddie TaylorShare the loveHave your say Man City boss Guardiola: I’d be Fraudiola without my players!by Freddie Taylora month agoSend to a friendShare the loveManchester City manager Pep Guardiola says he’d be nothing without his players.Guardiola was speaking in defence of his squad after Saturday’s shock loss to Norwich City.”They gave me all the prestige I have in England, when the first season when it was Fraud Guardiola, Fraudiola,” he said.”This kind of game here in England – it’s not possible to play because you need to have tackles and you have to play like that – these players gave me the prestige that I have.”And now all around the world people say how good a manager I am – it’s for them, not for me.”
Liverpool boss Klopp: Van Dijk world’s best centre-backby Freddie Taylor24 days agoSend to a friendShare the loveLiverpool manager Jurgen Klopp says Virgil van Dijk is the best centre-back in world football.The Dutchman recently finished second behind Lionel Messi in the FIFA Best Men’s Player of the Season award.Despite making a crucial mistake in the loss to Napoli two weeks ago, Klopp still has faith in his defensive stalwart.”Yep, I think so. I’m really happy with all my other defenders but yeah, he is the best at the moment,” Klopp said on Tuesday when asked if he felt Van Dijk was the best in the world.”We conceded in Napoli… which country are you from? Italy? I thought so… I still think it was not a penalty!”Napoli have to come to Liverpool, so it’s not decided yet, but we lost the game, that’s a fact as well and we have to start winning.”We don’t even have a little bit of a feeling that this game tomorrow is half done. It’s not. They will surprise a lot of people. But if there is anybody in the world who knows most about how they do what they do, it’s me.”I have a pretty good side as well and we want to be the most uncomfortable opponent in world football and if we are that tomorrow it’s not easy for Salzburg.” About the authorFreddie TaylorShare the loveHave your say
Friday night’s NCAA Tournament Second Round game in Columbus between No. 6 Providence and No. 11 Dayton started at roughly 11 p.m. E.T. The game was scheduled to tip off at about 10 p.m. E.T., but due to the previous two games – West Virginia-Buffalo and Maryland-Valparaiso -at the site running long, the tip time between the Friars and the Flyers was delayed. Cleveland.com has a lengthier explanation on the situation. Saturday afternoon, Mountaineers’ coach Bob Huggins was asked about the late tip time. He gave a pretty sarcastic response. Bob Huggins, on playing tourney games til 1 am: “It’s all about the betterment of the student athlete….It just tickles me to death.”— Dan Steinberg (@dcsportsbog) March 21, 2015The game was played on a Friday night, so it’s not like the student-athletes had classes to wake up for the following morning – and, really, what college student goes to be before midnight, anyway? – but the NCAA clearly could have done a better job scheduling.
RICHMOND HILL, Ont. – DesRosiers Automotive Consultants says new light vehicle sales in Canada bucked expectations to reach an all-time record for the first month of the year.The consulting firm says about 117,300 vehicles were sold in January, up 5.7 per cent from the same time last year.Continued demand for light trucks, which hit a near record of 73.2 per cent of the market, were up 9.1 per cent from December.Sales of passenger cars slumped, down 2.6 per cent from the previous month.Looking at volume, FCA led the field with sales of 17,761 new vehicles, followed by General Motors at 16,791 and close behind, Ford, at 16,461.DesRosiers says it’s too early to predict where the market will be in 2018, but suspects increasing interest rates may have prompted more buyers to lock in a low interest rate in January.Canadians last year purchased more than two million vehicles for the first time thanks to record sales of light trucks.
SURREY, B.C. — A 25-year-old man from Surrey who is wanted on a Canada-wide warrant for assaulting an autistic man in Ontario is one of seven people that were arrested in Grande Prairie nearly a year and half ago in a series of police raids.Ronjot Singh Dhami, who was 23 years old at the time, was arrested on November 16th, 2016, when the Alberta Law Enforcement Response Team raided four Grande Prairie homes. During the searches, police seized two shotguns and a handgun, along with cash and drugs with a combined street value of over $40,000.Dhami was charged with two counts of possession for the purposes of trafficking and one count of possession of the proceeds of crime. The case is continuing to make its way through the courts. According to the Langley Times, Dhami is one of two people that are wanted Canada-wide for an assault at the Square One bus terminal in Mississauga at around 10:45 on the evening of March 13th. A 29-year-old autistic man was sitting at the bottom of the stairs on the terminal’s lower level when three men approached him, punching and kicking him multiple times before leaving.The victim was taken to hospital with serious but non-life threatening injuries. 21-year-old Parmvir Singh Chahil, of no fixed address, is also wanted Canada-wide in connection with the assault. The third suspect has not yet been identified by police.With files from the Langley Times: https://www.langleytimes.com/news/video-canada-wide-warrant-issued-for-surrey-suspect-in-vicious-attack-on-autistic-man/