Responsible for governance, human resources, and board development.

• To act on behalf of the board on all matters which need to be dealt with between board meetings.
• To recommend board and committee member remuneration and expense reimbursement.
• To review the CEO’s performance and compensation, and recommend action to the board.
• To recommend the selection and terms of engagement of legal counsel and other external professionals which may be engaged by the board
• To organize board planning processes and recommend director and volunteer development programs.
• To review and recommend governance policies and procedures, expect those that are the responsibility of other committees of the board.
• To carry out responsibilities delegated by the board in policies or at meetings of the board.

Responsible for oversight of audit, finance, and risk management.

• To oversee internal and external audit, including appointment of auditors and review of audit reports.
• To review budget proposals and financial reporting prior to board presentation.
• To recommend policies and policy amendments relevant to the management of all components of financial risk.
• To review the credit union’s enterprise risk management process.

Responsible for the oversight of credit risk management.

• To delegate operational credit duties to the credit union’s operational credit committee.
• To analyze reports from the operational credit committee within the provisions of legislation and policy.
• To review lending procedures and recommend lending policies.
• To make decisions on very large credit applications which exceed 20% of Rocky Credit Union’s capital.

Responsible for the legal, ethical and functional responsibilities of the board.

• To ensure adequate governance policy development.
• To provide recruitment strategies, training programs, and evaluation of board members' performance.
• To monitor board activities.