Credit Unions distinguish themselves from other financial institutions in many ways, but one of the most basic arises from the fact that they are governed by the members of the institution. Section 111 of the Federal Credit Union Act (Revised) specifies that members shall elect the credit union’s board of directors from their own ranks.
The modern business environment has benefitted in myriad ways from advancements in technology. But there’s one real in which many boardrooms are still stubbornly stuck in the 20th century – voting.
When worrying about compromised elections, it’s a safe bet that what doesn’t enter a person’s mind is elections in the corporate world.