Ethics Advice For Boards

Board members are servant leaders who "own" a CU on behalf of all members, present and in the future, board ethics expert Carolyn Bailey told attendees at the NASCUS' conference here. Bailey, president of Bailey Associates, said no matter how contentious a vote might be, once the decision is reached, the board must speak with one voice. "Whenever a board makes a decision for something, it also makes a decision against something. The board's aim is to produce some benefit at some cost. The ethical issue is stating which people benefit and at what cost."