Board Nominations 2012
Join the Bayview Board of Directors
Nominations are being accepted for three (3) positions on the Bayview Credit Union Limited Board of Directors. Directors are elected typically for a three year term. Elections will be held at the Bayview Special Business Meeting on March 21, 2012. The deadline for nominations is has been extended to March 15, 2012.
General Qualifications
Under the Credit Unions Act and Bayview Credit Union Bylaws, anyone who is a member of Bayview Credit Union Limited is eligible to be nominated to the Board of Directors. However, there are certain restrictions on eligibility for election to the Board, for example:
- A Director cannot be younger than 19 years.
- A Director cannot be an employee or a relative of an employee.
- A Director cannot be a former employee or a person who is a member of the immediate family of a former employee who was employed by the Credit Union in the three years preceding an Annual General Meeting.
- A Director cannot have declared bankruptcy or be more than three months in arrears on a loan.
Qualifications Set By the Board
1. The Board has adopted a policy governance model and will govern with an emphasis on:
- encouragement of diversity of viewpoints.
- strategic leadership.
- clear distinction of Board and Chief Executive Officer roles.
- collective rather than individual decisions.
- being proactive rather than reactive.
2. If you have been a Bayview Credit Union member, preferably for a minimum of three (3) years, or have served on one of our committees, your expertise could be put to good use on the Board of Directors. The Board has instructed its Nomination Committee to seek qualified candidates whom it has further described as:
- Credit Union Members.
- Willing to undertake training in the way credit unions in general, and Bayview Credit Union in particular, operate.
- Prepared to read and study board level information and studies.
- Team Player
3. Each member of the Board of Directors should participate on one of the following standing committees:
- Credit Committee – reviews the loan portfolio, delinquency and write-offs in accordance with industry standards and ensures adherence to lending guidelines.
- Audit Committee – reviews the asset to liability mix, investments, liquidity, retained earnings and ensures the equity levels as established by New Brunswick Legislation are at required levels.
It is important to note that committees are formed during the year in order to spearhead special projects. We have a Scholarship Committee, Nomination Committee and other ad hoc committees as required.
Directors are typically elected for a three (3) year term and it is policy that no Board member shall miss more than two Board or Committee meetings annually.
Bayview Credit Union By-Laws:
Potential candidates may wish to review Bayview Credit Union's by-laws. CLICK HERE to review.
Forms:
Download 2012 Voting Guidelines Form >>
