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Meridian wins Prestigious Award for Excellence in Governance for third consecutive year


Excellence in Governance Award logo

Toronto, ON (November 8, 2021) – Meridian, Canada’s second largest credit union and Ontario’s largest, is the proud recipient of a Governance Professionals of Canada (GPC) Excellence in Governance Award (EGA). For the third consecutive year, Meridian has received an EGA for Board/Director Effectiveness. 

“We are very honoured to be recognized for this prestigious award,” said Karen Farbridge, Meridian’s Board Chair. “It is a testament to Meridian’s management and governance teams for their deep commitment to continuously evolve our governance practices. I would also like to recognize the work of our Governance Committee under the leadership of its Chair, Hari Panday.” 

“Our commitment to the highest standards of corporate governance is essential for continued success and enduring trust from our Members,” said Gary Genik, Interim President & CEO, Meridian. 

The category of Board/Director Effectiveness 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 highly comprehensive approach and leading practices in board orientation and education, agenda development, individual requirements, and board duties.

 “Through a commitment to continuous improvement and an innovative approach to developing and implementing best practices, Meridian ensures we maintain a robust governance framework that truly serves our Members most effectively,” said Sunny Sodhi, Chief Strategy & Corporate Affairs Officer, Meridian. 

The EGAs recognize the important contribution governance professionals make in terms of best practices that build and sustain shareholder and stakeholder value. 


About Meridian 
We acknowledge the land on which we operate is the traditional territory of many nations including the Mississaugas of the Credit, the Anishinaabe, the Chippewa, the Haudenosaunee and the Wendat peoples. With more than 75 years of banking history, Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of 380,000 Members. Meridian has $27.6 billion in assets under management (as at September 30, 2021) and delivers a full range of financial services online, by phone, by mobile and through a network of 89 branches across Ontario, and business banking services in 15 locations. Meridian cardholders also have access to over 43,000 surcharge-free ABMs in North America with THE EXCHANGE® Network and the Allpoint Network in the US. For more information, please visit:, follow us on Twitter @MeridianCU or visit us on Facebook

For more information contact:
Teresa Pagnutti, Public Relations, Meridian; 416 275-3816

Jacob DelZotto, Media Relations, Meridian; 647-242-8877

Meridian Credit Union communications are intended for informational purposes only and do not constitute financial advice or an opinion on any issue. We would be pleased to provide additional details or advice about specific situations if desired.

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