Do you have alignment among your leaders?

first_imgThe fact that director-level leaders and senior staff at credit unions had different perceptions of governance was evident throughout the research done for The State of CU Governance, 2018, a new report from CUES.“It surprised even us, and it should definitely concern you,” write the report authors, Michael G. Daigneault, CCD, and Jennie Boden, of CUES strategic partner Quantum Governance, Vienna, Va. “If we know one thing, it’s this: Gaps between the board and senior staff will eventually become destructive.”Notable among the different perceptions between board level and staff leaders was that while 53 percent of supervisory committee members and 44 percent of board members reported their boards were very effective at “building a culture of trust,” just 27 percent of senior staff and 25 percent of CEOs said this was true at their credit unions.Here are two key recommendations from the report for credit unions that want to close the gap:Make good governance a priority at your credit union. You can up your governance game by doing an assessment of individual directors or the whole board. You will also find help when you attend quality governance education programs, such as CUES Governance Leadership Institute™ (this year in as well as Toronto and the CUES director seminars.Work to address any gaps between board-level leaders and staff. CUES’ Center for Credit Union Board Excellence features a section about CEO/board relations, including a recent article—“Person to Person: Cultivating CEO-Director Relationships”—by CUES member Chris Shockley, president/CEO of $3.1 billion Virginia Credit Union, Richmond, Va. Of course, CUES Symposium: A CEO/Chairman Exchange—coming up later this month—is specifically designed to strengthen the bond between CUs’ two top leaders. If you haven’t been taking governance seriously at your credit union in 2017, make 2018 the year to turn things around. And if your governance is already on a good keel, ask yourself, what does the next level look like? I look forward to hearing about your efforts. 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pembroke Since joining CUES in March 2013, John Pembroke has played a leadership role in developing and launching a new direction in CUES’ strategy, branding and culture. Under his guidance, CUES … Web: Detailslast_img read more

Governor Wolf Announces Expansion of Boating Parts Manufacturer, Creation of 97 New Jobs in Berks County

first_img February 28, 2020 Jobs That Pay,  Press Release,  Workforce Development Governor Tom Wolf announced that Seakeeper, a manufacturer of gyroscopes for boats, is expanding its existing Berks County manufacturing operation and moving its Maryland headquarters to Pennsylvania. The project will create nearly 100 family-sustaining jobs in the region.“Just as boats need gyroscopes, businesses need guidance to stabilize and optimize their operations,” said Gov. Wolf. “Seakeeper’s decision to move its headquarters to Pennsylvania signals that we offer the support needed for businesses to have a competitive advantage and see a future in the commonwealth.”As part of Seakeeper’s expansion and relocation efforts, the company will renovate its existing campus in Berks County and acquire an adjacent building, increasing its operational space to seven buildings and 180,000 square feet. The expansion will create 97 new full-time jobs and retain 97 existing jobs. The company has committed to investing $11.1 million in the project.“We are extremely grateful to have found our home here in Berks County, and thankful for the support of the Governor’s Action Team,” said Seakeeper President and CEO Andrew Semprevivio. “We have incredibly passionate and hardworking employees and we’re in a town and state governed by leaders who recognize innovation and support growing local businesses. This community is our family.”Seakeeper received a funding proposal from the Department of Community and Economic Development for the project. The proposal includes a $400,000 Pennsylvania First grant, $291,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs, and a $66,000 workforce development grant to help the company train workers. The company was also encouraged to apply for a $2.4 million loan through the Pennsylvania Industrial Development Authority.The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering relocating to or expanding in Pennsylvania.“Greater Reading knows the power that comes from supporting the expansion and growth of our existing businesses,” said Greater Reading Chamber Alliance Executive Vice President and COO Pamela Shupp. “Companies like Seakeeper are important economic engines for our community and garnering state support for these expansions is critically important.”Seakeeper is a global leader in marine stabilization. Their innovative technology changes the boating experience by eliminating up to 95 percent of boat roll – the rocking motion that causes seasickness, fatigue, and anxiety. Since selling its first Seakeeper unit in 2008, the company has developed a growing catalog of models for an expanding range of boat sizes. By working with several local manufacturing partners, Seakeeper is giving back to the Pennsylvania business community, helping ensure the vitality of the local economy.For more information about the Governor’s Action Team or DCED, visit Governor Wolf Announces Expansion of Boating Parts Manufacturer, Creation of 97 New Jobs in Berks Countycenter_img SHARE Email Facebook Twitterlast_img read more