Governance Policy & MCU Constitution

GOVERNANCE POLICY

During the course of 2002-03 the MCU Board developed and accepted a governance policy based on the Carver Model.

The MCU Governance Policy is a comprehensive document covering Executive Limitations, Governance Process, Board - Manager Linkage and Ends Policies.

The governance policy directs the operations of the MCU and is reviewed regularly by the Board.

Policy Governance Document (70k PDF)

CONSTITUTION

At both the 2005, 2006 and 2008 Annual General Meetings the members adopted an updated Constitution. This new Constitution has been developed in consultation with our members and government regulators and is regarded as important to the future of the Credit Union. Significant changes to the Constitution in 2005 included:

1. The introduction of a demutualisation defence clause;
2. A clarification of meeting rules;
3. Simplification of membership classes;
4. Changes to the minimum and maximum number of Directors;
5. Member Investment Shares - new Appendix A; and
6. Changes to numbering and layout for consistency and ease of reading.

The 2006 changes were to:

1. prohibit a person from being or remaining a Director if they are disqualified by law from being a director;
2. put in place the process to assess persons for appropriate fitness and propriety before they can be elected as Directors;
3. change the closing date for nominations to allow more time for checks to be carried out.

The 2008 change was to:

1. change the term facilitator to chairman to better reflect how the board operates today.

MCU Constitution (248Kb PDF)

DIRECTOR NOMINATION INFORMATION

The Candidate Information Pack (204K Zip) contains information and the nomination criteria for becoming a Director of Maleny & District Community Credit Union Limited.
Note: Nominations close Saturday 27th September for 2008