•  Individual members should have specialized financial or business skills and/or a memberfocused viewpoint. Commitment •  Directors should be willing and able to commit the necessary time to the credit union. Failure to attend board meetings may result in dismissal. •  Directors must respect the decisions of the board, adhering to all policies that have been adopted, regardless of personal opinion.
The board and managers, as a cohesive unit, would have to ensure the credit union’s compliance with issues related to external and internal governance. In order to achieve this goal, each board member has a duty to adhere to the principles of individual governance.