The organization expects directors to attend as many meetings as possible. Simple attendance, however, does not constitute effective directorship. Rather, the credit union believes it is more important for directors to be thoroughly prepared, to be engaged in meetings and to make a sustained, positive contribution to the credit union’s success.
Reporting attendance is, however, defined as a governance best practice by the Canadian Coalition for Good Governance and the Canadian Securities Administrators National Instrument 58-101, which sets out corporate governance disclosure guidelines for publicly traded companies. In addition, FICOM's governance guideline for B.C. credit unions specifies that director attendance should be reported for board and committee meetings and educational activities.
Accordingly, the table below lists meeting attendance and educational activities for each First West director and regional council advisor in 2015.