The purpose of the Board of Directors of the Credit Union Deposit Guarantee Corporation (the Board) is to direct the management of the business and affairs of the Credit Union Guarantee Corporation.
Diversity in the backgrounds, skills and experience of appointed Board members can enhance the effectiveness of a Board. As much as possible, nominees for appointment to the Board should reflect the diversity and demographics within the province. Member diversity is an important consideration in the appointment decision.
The competencies of nominees to the Credit Union Deposit Guarantee Board shall include:
Collectively the Board should possess the following core competencies:
Expectations for Directors appointed to the Credit Union Deposit Guarantee Board, include:
Board meetings are scheduled in accordance with the Board By-laws. Board agendas and materials are provided to members in advance for members to prepare for meetings.
A person appointed by the Minister holds office for a term of up to three years and is eligible to be re-appointed. Where the term of a person appointed by the Minister expires, he or she continues to be a member of the Board until reappointed or replaced.