GCU Governance                                     
 

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GCU's Governance 

  

Board of Directors - Under its Constitution, Goldfields Credit Union Limited is required to have a board of directors comprising seven (7) Directors. See Division 13.1 of the GCU Constitution.                       

                 

Constitution - Click here

 

Annual General Meeting - A GCU Director must  be a GCU member. A Director is elected at the Annual General Meeting (A.G.M.) by the members of the Goldfields Credit Union for a three (3) year term.

                            

                 

Voting - Voting at Goldfields Credit Union is non-compulsory.

                            

Re-nomination for Director - At the end of a Director's 3 year term in office, a director can renominate for reelection to the Board for a further 3 year term.

               

                    

Role of Board - The Board is responsible for the overall governance of the credit union. The Board delegates the day to day control and management for the credit union to the Chief Executive and GCU staff.

                 

Board Committees - GCU has an Audit and a Credit Committee that oversee different aspects of the business. Click here

  

Meeting Frequency - These two committees meet typically monthly and report their findings and observations to the Board who also meet monthly.

 

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