Cheryl WallaceCheryl Wallace

I think good governance depends on the industry / organization and regulations. As Shelley mentioned credit unions have strong roots and history in their communities but have responsibility to the regulator. As an accountant there are many more regulations now due to poor governance in for profit organizations. Not for profit organizations have a differnt role and set of regulations they need to follow particularly if they are a charity.

As far as the case there are too many board members that would have a conflict of interst and not a member at arm’s length. Even if they had a strong conflict of interest policy it would be too challenging to work around it. There are implied rules that a doctor and employee are elected. It is not typical to have an employee on a not for profit board. I would suspect the doctor is a contractor.

Great to see the variety of organizations participating in this and their governance structures.


“I thoroughly enjoyed the Good Governance Matters course offered by Co-operatives First. The course provided a solid background on governance generally and specific examples of good governance practices in co-operatives. It is uncommon to find governance training specific to co-operatives so this was refreshing.”

Janet Taylor (Corporate Secretary)

Libro Credit Union

“The Good Governance Matters Course was a valuable course. I shared it with the [Arctic Co-operatives Limited] Senior Leadership Team. If it ever comes up again, I highly recommend others to take it.”

Mary Nirlungayuk (Corporate Secretary and Vice-President, Corporate Services)

Arctic Co-operatives Limited

“The online course, Good Governance Matters was very informative, easy to navigate and discussed issues relevant to our needs as a Board of Directors. This course is a great tool for boards to build their knowledge to become strong, strategic boards.”

Lori Sanders (President)

Sherwood Co-op

“This course has greatly increased my understanding of what good governance could/should look like and how each part (boards, management, members) plays a vital role in the co-operative’s success.”


“This course was highly enjoyable, and relevant to working in not only the co-op space, but with any group that needs to make decisions.”