The impact of regulatory governance standards on board characteristics: evidence from Australian credit unions

Luisa Unda

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Credit unions are mutual or cooperative financial institutions owned by members,
who are also their customers, depositors and borrowers. Governance of mutuals
is based on the democratic principle of ‘one member one vote’, and directors are
drawn from and elected by the membership. This paper examines how regulatory
governance standards have shaped the governance practices of Australian credit
unions. While credit unions have a very different ethos from that of publicly-traded
institutions, they face similar governance challenges, particularly in terms of the need to ensure board competence and effective control over management.
Original languageEnglish
Pages (from-to)21-26
Number of pages6
JournalJASSA: The Finsia Journal of Applied Finance
Issue number4
Publication statusPublished - 2016

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