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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 2021, total remuneration to the Board of Directors was $244,000. ACU paid expenses on behalf of Directors amounting to $7,000.
Here is individual Director remuneration for 2021, exclusive of training and development:
|
Director |
2021 Remuneration |
|
Crystal Laborero CHAIR |
45,551 |
|
Paul Lacap VICE CHAIR |
30,518 |
|
Marina James DIRECTOR |
21,567 |
|
Jacqueline Keena DIRECTOR |
12,252 |
|
Paul Lacap DIRECTOR |
|
|
Anne Lindsey DIRECTOR |
22,745 |
|
Marlene Lock DIRECTOR |
18,305 |
|
James Magnus-Johnston DIRECTOR |
19,670 |
|
Priti Mehta-Shah DIRECTOR |
21,497 |
|
Alain Molgat DIRECTOR |
26,683 |
|
Glenn Williams DIRECTOR |
17,935 |
|
Kevin Freedman DIRECTOR (retired March 2021) |
6,839 |
As of December 31, 2021, outstanding loans to Directors totaled $814,000, of which $0 was at government prescribed rates of interest. Director loans totaled 0.01% of our assets.
Board training
Every year, the Board approves a training and development program for the Board, individual Directors and Board Committees. In 2021, this included: mandatory Credit Union Director Achievement (CUDA) training; Large Credit Union Conference; Credit Union Central of Manitoba Conference and Annual General Meeting; Credit Union Central of Manitoba Directors Forum; Canadian Credit Union Leaders Conference; and various training courses, luncheons and webinars. In 2021, $7,000 was spent on Board training and development.