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Director Meeting Attendance, Remuneration and Loans
Director meeting attendance
| Members of the Board as at December 31, 2023 |
Board Meeting Attendance |
Committee Membership and Attendance | |||
| Audit & Risk | Governance & Ethics | Human Resources Policy & Compensation | Nominating | ||
| Crystal Laborero CHAIR |
7/7 | 4/4 | 3/3 | ||
| Anne Lindsey VICE CHAIR |
6/7 | 4/4 COMMITTEE CHAIR |
|||
| Marina James DIRECTOR |
7/7 | 6/6 | 2/2 from May 2023 |
1/1 until May 2023 |
|
| Don Johal DIRECTOR |
7/7 | 4/4 | 1/1 from May 2023 |
1/1 until May 2023 |
|
| Jacqueline Keena DIRECTOR |
7/7 | 3/3 |
5/5
COMMITTEE CHAIR
from May 2023 |
||
| Paul Lacap DIRECTOR |
7/7 | 2/2 until May 2023 |
3/3 COMMITTEE CHAIR |
||
| Jeff Leclerc DIRECTOR |
5/5
from April 2023
|
5/5
from May 2023
|
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| Diane Lee Sousa DIRECTOR |
7/7 | 6/6 |
5/5
from May 2023
|
||
| Priti Mehta-Shah DIRECTOR |
6/7 | 6/6 | |||
| Alain Molgat DIRECTOR |
7/7 | 6/6 COMMITTEE CHAIR |
1/1
until May 2023
|
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Remuneration and Loans
Directors are paid an annual retainer and a per diem for attending Board and Committee meetings as well as other eligible meetings, as agreed to by the Board. In 2023, total remuneration to the Board of Directors was $378,000. ACU paid expenses on behalf of Directors amounting to $69,000, inclusive of the Board training and development expenses itemized in the following section.
As of December 31, 2023, outstanding loans to Directors totaled $1,642,000, of which nil was at government prescribed rates of interest. Director loans totaled 0.03% of our assets.
Board Training
Every year, the Board approves a training and development program for the Board, individual Directors and Board Committees. In 2023 this included: mandatory Credit Union Director Achievement training, attendance at the World Council of Credit Unions Conference (hosted in Canada in 2023), the Manitoba Directors’ Forum hosted by Credit Union Central of Manitoba, and various training courses, luncheons and webinars. In 2023, $64,000 was spent on Board training and development.