They are the symptom of an underlying problem, which is insufficient investment demand, across the world, to absorb all the savings available in the economy. It is this phenomenon – the global excess of savings over profitable investments – that is driving interest rates down to very low levels.
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.