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Director Meeting Attendance, Remuneration and Loans

Director meeting attendance


Members of the Board as at December 31, 2022
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 7/7
4/4
CHAIR


Marina James DIRECTOR 7/7 6/6

3/3
CHAIR
Don Johal DIRECTOR 7/7
4/4
3/3
Jacqueline Keena DIRECTOR 7/7

3/3
Paul Lacap DIRECTOR 7/7
4/4 3/3
CHAIR

Diane Lee Sousa DIRECTOR 7/7 6/6


James Magnus-Johnston DIRECTOR 7/7

3/3
Priti Mehta-Shah DIRECTOR 7/7 6/6


Alain Molgat DIRECTOR 7/7 6/6
CHAIR


3/3

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 2022, total remuneration to the Board of Directors was $254,000. ACU paid expenses on behalf of Directors amounting to $17,000.

As of December 31, 2022, outstanding loans to Directors totaled $1,025,000, of which nil was at government prescribed rates of interest. Director loans totaled 0.02% of our assets.

Board Training

Every year, the Board approves a training and development program for the Board, individual Directors and Board Committees. In 2022 this included: mandatory Credit Union Director Achievement (CUDA) training; 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 2022, $16,000 was spent on Board training and development.

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