Meridian’s Human Resources Committee is responsible for overseeing the Human Resources policies and programs and performing due diligence, ensuring policies and programs are developed, implemented and adhered to by Management in support of business strategies.
The committee ensures that employees of Meridian receive fair and meaningful employment in a safe and respectful workplace with a strategy of being an employer of choice.
This includes
- Reviewing Board’s People Policy and recommending changes
- Ensuring our compensation philosophy and guidelines for compensating the Credit Union’s employees, and confirming they are aligned with the Credit Union’s business strategies
- Overseeing Meridian’s employee Pension Plan(s)
- Review results of the annual Employee survey
- Due diligence on the process for establishing the performance metrics and measures for, the performance assessment of, and recommending the compensation for the President & CEO
- Overseeing compensation and talent management plan for the Executive Leadership Team (CEO’s direct reports)
- Overseeing the process for the Board to provide input to Management on the performance metrics and measures for, performance assessment of, and talent management plan for the Corporate Secretary
- Succession planning for the President & CEO, Executive Leadership Team and Corporate Secretary
- Recommending Director Compensation to the Board
