A common credit union board practice is to set goals for their CEO and then measure performance. However, many credit union boards don’t set goals for themselves, nor do they measure their own performance. Many credit union boards don’t even have a program to measure or enhance board performance.
Understanding the barriers is important when developing a strategy to implement a successful program. In this presentation, CU Difference co-founder Mark Lynch will leverage his own experience as a board director to explore the reasons why credit union directors are reticent to set goals or measure their performance. He will explain how the measurement of board performance is crucial to improving board performance and discuss strategies to introduce a board performance measurement and performance enhancement program.