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.
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.