Board Assessments and Governance
10X Governance™
As credit unions continuously evolve to remain relevant for their members, the best boards realize that they must change too. The 10X Governance system is designed to elevate the value your Board provides to members and the CEO. By learning from contemporary credit union models, 10X Governance ensures your members have the best and most pertinent representation and leadership for their credit union.
The Focus
- Strategic Alignment: Ensuring the Board’s vision aligns with member goals and organizational strategies to drive sustainable growth and impact.
- Dynamic Leadership: Building a diverse Board with expertise in innovation and industry trends, fostering adaptive leadership that anticipates and navigates change.
- Performance Oversight: Implementing comprehensive assessment tools and metrics to evaluate Board effectiveness and accountability.
- Engaged Membership: Cultivating a culture of active participation and collaboration among Board members, promoting transparency and inclusivity in decision-making.
- Continuous Improvement: Enhancing governance practices through regular assessments and feedback, adapting to evolving member needs and industry dynamics.
The Framework
- Anonymous Assessment: Collecting candid insights from each director, focusing on critical areas including strategic alignment, leadership, performance oversight, and member engagement.
- Expanded Interviews: Conducting optional in-depth interviews with individual directors and the CEO, either offsite or onsite, to gather additional perspectives.
- Comprehensive Report: Delivering a detailed report highlighting areas for Board development, accompanied by examples of best practices.
- Governance Action Plan: Developing a tailored action plan to support ongoing Board development and ensure sustained governance excellence.
- Workshops and Follow-ups: Offering optional workshops to discuss assessment findings and facilitate action steps, with foundational follow-up calls at 3 and 6 months to measure progress.
The Results
- Quantitative Governance Insights: Providing data-driven insights to pinpoint focused areas of attention.
- Peer Insights: Gaining valuable understandings of Board operations and dynamics from peer assessments.
- Actionable Goals: Establishing tangible Board-set actions, goals, and metrics for successful governance.
- Strategic Focus: Reinforcing areas of strategic importance, enriching the Board’s commitment to governance.
- Future Readiness: Preparing the Board for future peer-to-peer 360 review assessments.
- Enhanced Efficiency: Improving Board efficiency and strengthening its exclusive relationship with the CEO.
Email, call, or message Jeff to help your directors deliver more value for members: