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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 |
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| Marina James DIRECTOR | 7/7 | 6/6 | 3/3 CHAIR |
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| 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.