This Archive Thursday episode of With Flying Colors revisits a timely and important topic: corporate governance. Mark is joined by former NCUA colleagues Todd Miller and Steve Farrar  to explore why governance issues are at the heart of many troubled credit unions.

They cover:

• How poor governance can sink an institution — and how strong governance can turn it around.
• The importance of tone at the top, ethics, and board oversight.
• Why diversity of skills, demographics, and perspectives matters for boards.
• The regulatory framework: NCUA’s limited guidance versus FDIC’s more robust tools.
• Resources for directors, including FDIC pocket guides, training, and self-assessments.
• Real-world stories from examinations, conservatorships, and boardrooms.

Whether you’re a director, executive, or examiner, this episode highlights why governance is more than compliance — it’s culture, accountability, and the foundation of credit union safety and soundness.