As new credit union directors settle into their roles and responsibilities, they can offer valuable views on several persistent challenges facing many boards, which may be informed by their own experiences being recruited and trained for board service.Stagnation and Demographic HomogeneityCredit unions have more long-tenured board members than other business sectors, which increases the likelihood of a default toward the status quo, suggests Matt Fullbrook, manager of the David & Sharon Johnston Centre for Corporate Governance Innovation at the Rotman School of Management, University of Toronto. Fullbrook is also and faculty at CUES Governance Leadership Institute™ at Rotman. And especially for historically SEG-based credit unions, board membership may skew toward people from the same or similar professions.“People who are familiar with each other and used to interacting tend to be much less likely to challenge each other and to step outside what they’re used to in recruiting new directors,” he says. “There’s a huge amount of both scientific and anecdotal evidence suggesting that diverse perspectives dramatically enhance the ability of groups to make good decisions. They’re more willing to challenge each other. They bring diverse perspectives to what might seem like a mundane question or decision, which may raise new opportunities.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
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Gor Mahia have been confirmed as Kenyan Premier League champions for the 2019-20 season.The decision by the Football Kenya Federation (FKF) to award Gor Mahia the title comes after the early cancellation of the current campaign due to the COVID-19 pandemic.The league had been put on hold in line with efforts in the country to halt the spread of coronavirus but a recent extension of the ban on all sporting activities has ensured that the season cannot end on the set date of May 8.As such, Gor who were seven points clear at the top of the league have been awarded their fourth straight title and their seventh since the 2012-13 season.The President of the FKF Nick Mwendwa confirmed the news on Twitter.He also announced that National Super League leaders, Nairobi City Stars, have also been promoted to the top flight. The Kenyan League becomes the latest to call off the season following the coronavirus pandemic.The French first and second divisions’ current campaigns were terminated, with PSG set to retain their title.The Dutch league was earlier cancelled with no champions being announced along with no relegations or promotions.Other countries including Germany, Italy and England are working to find ways to complete the current campaign.