Corporate governance includes the policies, bylaws and processes used to oversee the
business and affairs of the Corporation.
The Board of Directors has this governance responsibility and operates under formal Terms of Reference.
Many Board functions are carried out by the committees of the Board, the Audit and Finance Committee and the Governance and Human Resources Committee, with committee recommendations debated and voted on by the Board.
Board Mandate
The Board is
responsible for the
stewardship of the
Corporation and
ensures its purposes
and business
activities as
outlined in the
Credit Union Act are
fulfilled, as per
its Terms of
Reference.
-
The Board
holds a planning
meeting annually
for the
development of a
strategic plan.
In accordance
with the Bylaws,
the final plan
is approved by
the Board and
submitted to the
Minister of
Alberta Treasury Board and Finance
for approval.
-
The risks
of the
Corporation are
identified on a
regular basis
through the
strategic
planning process
and at Board and
committee
meetings. The
Corporation has
adopted an
Enterprise Risk
Management
Framework.
-
The
Governance and
Human Resources
Committee
reports to the
Board regarding
senior
management
succession
planning and
employee
training.
-
The Board
monitors and
approves the
appointment of
the President
and CEO
position.
-
The Board
approves the
communications
policy for the
Corporation.
-
The
integrity of
internal
controls and
management
information
systems are
reviewed at
Audit and
Finance
Committee
meetings.
-
The Board
administers the
Mandate and
Roles Document,
between the
Minister of Alberta Treasury Board and
Finance and
the Corporation.
-
The review
of committee
memberships and
Terms of
Reference is
completed
annually.
-
The Board
approves and
monitors the
bylaws, policies
and practices of
the Corporation.
-
The Audit
and Finance
Committee
reviews
quarterly
financial
reports and
performance and
recommends the
approval of
annual audited
financial
statements to
the Board.
-
The Board
reviews
recommendations
from the
committees and
establishes ad
hoc task forces
of the Board as
needed.
-
The Board
establishes
appropriate
deposit
guarantee rates
assessed to the
credit unions.
-
The Board approves the Annual Report.
The following governance and policy documents are available in PDF format
Mandate and Roles Document:
Recruitment and Appointment Process for Directors:
Code of Conduct and Ethics for Directors:
Code of Conduct and Ethics for Employees:
Whistleblower Disclosure Policy and Program:
Expense Disclosure:
The Credit Union Deposit Guarantee Corporation is accountable for effective stewardship of the Corporation’s
funds and is committed to providing transparency by reporting travel, hospitality and working session expenses
incurred by members of its executive team and board of directors. This reporting will be completed on a
quarterly basis.
Public Sector Body Compensation Disclosure:
Public Sector bodies are now required to post online the names and compensation paid to:
- All board members
- Employees who earn over $141,183 for 2022, $136,805 for 2021, $135,317 for 2020, $132,924 for 2019, $129,809 for 2018 and $127,765 for 2017.
This is a requirement under the Public Sector Compensation Transparency Act, which applies to:
Compensation information is required to be disclosed by June 30.
Compensation Disclosure Report
Learn more about agencies, boards and commissions
Learn more about the Public Sector Body Compensation Disclosure