14th Edition Upgrade to 13th Edition Buyers
Congratulations, you already have the 13th Edition of the model manual.
Therefore, you already believe in the value as a tool to help you move your board from nanaging to leading. Now, obtain the latest edition to take advantage of enhancements and three new subject areas.
New subject areas include “Board Development Committee, “Advisory Board” and Director Emeritous.”
Now, upgrade to the 14th Edition for a fraction of the original investment.
With a model as your first step, you can save hundreds of hours of director and staff work in the time it takes to draft policies using my model manual. The opportunity cost of writing your own manual from scratch would range from $11,000 to $26,000, or more. With the model, you not only save time and money, you also …
- Avoid the complex task of combing through the patchwork of your policy documents created over the years, and pulling them together in a cohesive whole.
- Have confidence that you will cover all the areas you need to cover.
- Benefit from the author’s experiences and research to include policies to deal with experiences you have not yet endured.
- Assure compliance with applicable statutes and regulations.
The 14th Edition is the ultimate governance model for credit unions in the 21st Century.
The structure is in two parts:
- Part I is the Board’s process policies, rules and procedures for directors and the Board including position descriptions, performance standards and rules of order. Click here to see the table of contents.
- Part II consists of delegated authority from the Board to CEO, ends policies and CEO limitations … all the guidance the CEO needs from the Board to design and lead the journey. View the table of contents. In this part, the board defines “Operating Policies” including Personnel (or Human Resources), products and services, pricing, loss prevention and recovery, and more, and establishes the CEO’s authority over them, with reporting and performance standards attached.
Concise …
The 14th edition totals only 71 pages; you’re not buying pages–you are buying wisdom and experience, well crafted and understandable text, and peace of mind. What happens to the ‘tomes’ you’ve already written? You will find that many of them are operational in nature. This model manual delegates those policies to management as operating policies, where they belong. Examples include personnel or HR policies, product and services definitions, and ALM — in this model manual the board provides guidelines and limitations to what the CEO can do — your board does not abdicate, the board clarifies what authority is delegated, remains engaged, and oversees management.
Comprehensive …
The 14th edition covers it all, as each of the previous editions did. Congress and the regulators have been reregulating in recent years; we’ve got you covered. How can I cover so much in less than 20,000 words? Policies do not repeat.
Compliant …
The 14th Edition violates no known laws or regulations. How do I know this? I am in contact with regulators, credit union leaders, and purchasers who adopted the manual. No one has to take me up on my guarantee noted below.
The way policies ought to be written …
Well constructed statements provide guidance with with room for interpretation, under a reporting and accountability structure, the way policies ought to be written.
This manual is the centerpiece of good governance, just what credit unions need. I have been updating this manual since I wrote the original in1982. That original version was adopted by my first policy client, a state chartered CU, and the Federal credit union where I served on the board. I based the structure and policies on my professional credit union experience that began in 1971, and that includes positions of regulator, director, CEO and consultant. It was effective the Ohio Credit Union League provided it to hundreds of attendees in several seminars held in the state in the early 1980s. It has been in demand ever since.
Here’s what has helped shape this manual:
- The essentials of John Carver’s governance approach made credit union friendly.
- Best practices among credit unions.
- Research findings from the Filene Research Institute.
- Insights gained by working with many credit unions developing their board governance policies.
- How boards desire to focus individual directors on governing rather than managing.
- Exuctives anxious to clearly define their authorities to avoid all confustion.
The model manual …
- Provides structure and philosophy that do more to raise your level of governance than any other model currently in the credit union market place.
- Contains never before included policies for an Advisory Board and a Director Emeritus program.
- Is relevant, advanced and complete; examine the table of contents.
GUARANTEE: My model is compliant with existing laws and regulations. If an auditor or examiner cites any part of these Governance Policies in a report as being contrary to laws or regulations, I will write what you need to comply and pay you $100 for your trouble.
I stand behind this work, and so do thousands of users.
