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Tel: 01 4536686 Email: info@donorecu.ieFb
Board, Committees, Working Groups and Officers
The Board of Directors has the power to delegate certain functions to committees and / officers. Certain committees and officers are required by law and are therefore referred to as ‘statutory committees and officers’ (e.g. Credit Committee, Credit Control Committee, Membership Committee and Nominations Committee). While the composition and role of statutory committees is defined in legislation, each committee and office-holder will have a term of reference.
DCUL has established several non-statutory committees to oversee certain operational activities. Participation on committees is open to non-Board members and is a useful training ground for potential directors. The credit union will constitute the following committees and officers as indicated below. With a nine (9) person board and eight (8) committees, it is anticipated that each director will have an opportunity to chair at least one committee, which will spread the work load as well as controlling any negative consequence of board dominance by any one individual director, which is often touted as an inherent flaw in voluntary boards.
Committees
- Credit Committee
- Credit Control Committee
- Membership Committee
- Nomination Committee
- Education, Promotion and Sponsorship Committee
- Investment Committee
- Strategic Review Committee
- Audit, Compliance and Risk Committee
Officers
- Chairman (B)
- Vice-chairman (B)
- Secretary (B)
- Complaints Officer (B)
- Credit Officers (S)
- Credit Control Officer (S)
- Insurance Officer (S)
- Money Laundering Reporting Officer (B)
- Anti-Money Laundering Officer
- Health & Safety Officer (S)
- Data Controller (S)
- Training Liaison Officer (S)
- Compliance Officer (S)
- Risk Management Officer (S)
S=Staff Member
B-Board
Working Groups
- Health and Safety
- IT
- Mergers
In addition the Board has established a Health and Safety Working Group composed of staff and a Working Group on IT and Mergers , the latter two of which are sub- committees of the Strategic Review Committee.
Internal Audit
The Board has re-appointed FMB as Internal Auditor wef 01 Oct 2015.
Investment Advisor
The Board has appointed Merrion Capital as Investment Advisor wef 01 Oct 2015
