Tied to our vision, anchored by our values, building on our strengths
(3) Consideration was also given to ‘peer review’ evaluations of incumbent committee members. While the Committee
(except the Chairman who is also President of the Credit Union) was not privy to the attributes and weighting system of
the evaluations, this development was welcomed as the Committee regards evaluation of committee members to be a key
pillar of a sound governance structure.
However the ratings resulting from this method were all greater than 3.5 – this translated as ‘excellent’ - of a pos
sible maximum score of 4. This single fact, and, in the absence of any other evidence to the contrary, precluded the
Committee from recommending the replacement of an