Fiduciary Duties of Directors
The NCUA Board has adopted a final rule to clarify the fiduciary duties of directors.
Specifically, federal credit union directors will have a uniform fiduciary duty standard. Directors must have or gain an understanding of basic finance and accounting principles within six months after election or appointment, or by July 27, 2011 for directors elected or appointed on January 27, 2011 or earlier.
Your League is hosting a variety of webinars designed to provide the required training. For more information, go to: http://www.yourleague.org/education/
DistanceLearning/DistanceLearningforDirectors.html |
