In line with the rotation requirements for the Board Oversight Committee at Savvi Credit Union, two vacancies exist commencing from the conclusion of the forthcoming AGM to be held on 13th December 2024. Members interested in putting their name forward for these positions are invited to submit their expression of interest.
The Board Oversight Committee (BOC) is required to attend an average of six Board of Directors meetings and quarterly Audit, Risk and Nomination Committee meetings (attendance shared across the BOC membership), in addition to bi-monthly Board Oversight Committee meetings (outside business hours). Board Oversight Committee members are required to undertake induction training within six months of joining the Board Oversight Committee.
The Board Oversight Committee fulfils the role of overseeing the functions of the Board of Directors in accordance with the 1997, 2012 Credit Union Act and the Credit Union (Amendment) Act 2023. The Committee reports quarterly to the Board of Directors on the Board’s performance.
All of our Board Oversight Committee members are volunteers and accordingly will not be paid for their work. However, reasonable expenses will be paid in line with Revenue guidelines and the credit union’s policies.
The Board Oversight Committee requires a diverse range of skills, experience, and knowledge to carry out their role. We are particularly interested in hearing from you if you have some of the following expertise or experience to contribute: · Financial Services
- Strategy Planning
- Financial Management
- Customer Services
- Investment/Lending practices
- Legal & Regulatory
- Corporate Finance
- Human Resources
- Business Development
- Marketing
In order to meet the requirements of the Credit Act 1997 as amended credit union members who are interested in taking up a position on the Board Oversight Committee must meet the requirement of fitness and probity. This means due diligence is required to be conducted on potential candidates to ensure they are:
(a) Competent and capable
(b) Ethical and can act with integrity
(c) Are financially sound
In light of this requirement, potential candidates will be required to complete a fitness and probity questionnaire which is part of the Central Bank’s regulatory requirements.
If you are interested in putting yourself forward for election to the Board Oversight Committee of Savvi Credit Union please respond by email only to nomcom@savvi.ie not later than 31st October 2024. Please include your Savvi Account Number, a short summary profile which outlines your experience and attach a copy of your CV.
