Time Commitments

Preparation and Attendance

Preparation, active involvement, and regular attendance at Board, committee, strategic planning events, and other special meetings are a requirement for board members. In addition, meeting preparation between 5 and 10 hours per month (during months that meetings occur) is expected.  In-person meetings are usually desired; however, the meeting mode is determined prior to each subsequent meeting.

Notification of meetings, agenda, and materials are provided at least 5 days prior to each meeting. Directors are expected to prepare in advance in order to be well informed, ensure proactive discussion, and make sound decisions.

In 2024, Board meetings have started as early as 8:30 AM for an approximate length of 7.5 hours and are almost always in-person. They are typically scheduled on a Tuesday during the month following a fiscal quarter-end, except for the September two-day strategic planning session.

In 2024, Committee meetings have usually been held a week or two before the corresponding Board meeting and are typically 2 to 3-hour-long Teams Meetings (virtual).

The Board decides together how to organize their meetings at their first regular meeting.

Special meetings or times may be arranged with sufficient notice given.

Sample Calendar

JAN

FEB

MAR

APR

MAY

JUN

JULY

AUG

SEP**

OCT

NOV

DEC

 BOARD

X

*CC

X

 

 

X

 

 

X

X

 

X

AUDIT & FINANCE

X


X


X




X

X

X


ENTERPRISE RISK MANAGEMENT

X

 

X

 

 X


 

 

X

X

 X


 GOVERNANCE

X

 

X

 

 X


 

 

X

X

 X


 AGM

 

X

 

 

 

 

 

 

 

 

 

 


Other meetings or commitments that occur may be done face-to-face, by conference call, or via an online meeting space, and include:

  • Special meetings scheduled as required
  • Regional and provincial system meetings as required
  • Annual General Meeting of BVCU
  • Director orientation and education
  • Reviewing current affairs and market information that may affect BVCU

 *CC: Conference Call

** Two-day strategic planning session

The Fine Print
It's a given that the following conditions are to be met:
  • receive proper notice of all meetings which you are required to attend
  • receive an agenda and required information pertaining to matters that require Board action or consideration
  • arrange your schedule in order to regularly attend meetings of the Board and its committees (board and committee members are required to attend at least 60% of regularly scheduled Board meetings and committee meetings to which the board member is appointed)
  • responsible for reviewing all meeting materials prior to attending meetings
  • legally entitled to rely on materials prepared or presented by officers and employees of BVCU, counsel, public accountants, and/or a committee of the Board; should you fail to disclose information that would cause such reliance to be unwarranted, you would not be acting in good faith
  • always act in good faith and exercise honest business judgment after due consideration of what you reasonably believe to be relevant factors
  • not disclose or discuss with any other party information received, written or verbal, concerning the business affairs of BVCU or BVCU members; this includes employees of BVCU outside the President and CEO without prior consent
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