Toronto (October 30, 2018) - Meridian, Ontario’s largest credit union and third largest in Canada, is honoured to be a 2018 recipient of Governance Professionals of Canada (GPC) Excellence in Governance Awards (EGAs) for the “Best Approach to Achieving Effective Board and Committee Operations.”
The category recognizes best practices and innovations applied to ensure that board and committee composition, processes and time are actively managed to maximize their governance and strategic oversight functions. Judges cited Meridian’s close collaboration with the Board, Management and external advisors to introduce best practices in Board nomination and renewal processes, succession planning, Board/director evaluation, onboarding and continuing education, planning meetings and Board/committee interaction.
“We are delighted to be recognized with this esteemed award and on behalf of the Board, I would like to express our appreciation of our CEO Bill Maurin and his team,” said Karen Farbridge, Meridian’s Board Chair. “All the Board policies in the world cannot replace an open, respectful and trusting relationship between a Board, the CEO and Management.”
“As a Member based organization, Meridian understands the importance of trust, and excellence in governance is the foundation of trust,” said Bill Maurin, President & CEO, Meridian. “We are committed to the highest standards of corporate governance and believe that this is essential for continued success and enduring trust from our Members.”
“With robust governance, continuous improvement processes and innovative best practices, Meridian continues to constantly raise the bar in order to ensure we maintain a governance framework that truly serves our Members most effectively,” said Sunny Sodhi, Meridian’s Chief Strategy and Corporate Affairs Officer.
The EGAs recognize the important contribution governance professionals make in terms of best practices that build and sustain shareholder and stakeholder value.
With over 70 years of banking history, Meridian is Ontario’s largest credit union and the third largest in Canada, helping to grow the lives of its more than 300,000 Members. Meridian has $20 billion in assets under management as of September 30, 2018 and delivers a full range of financial services online, by phone, by mobile and through a network of 90 branches across Ontario, and commercial banking services in 11 locations. Meridian Members also have access to THE EXCHANGE® Network, with more than 3,500 no-fee ABMs across Canada and 500,000 ABMs in the United States. For more information, please visit: meridiancu.ca.
Senior Manager, Public Relations
Teresa.Pagnutti@meridiancu.ca; 416-597-4444 Ext. 2667