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NCUARulemakingNCUA-2024-0037

Succession Planning

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Ohio Credit Union League filings
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Ohio Credit Union League filed 1 comment on this docket between Sep 23, 2024 and Sep 23, 2024. 105 other organizations filed here. The comment window closed 673d ago.

What Ohio Credit Union League filed (1)

Sep 23, 2024· Comment from Ohio Credit Union League· NCUA-2024-0037-0133

Filed on regulations.gov — full text not in the inline record.

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Abstract

A. Providing Accountability Through Transparency Act of 2023 The Providing Accountability Through Transparency Act of 2023 (5 U.S.C. 553(b)(4)) (Act) requires that a notice of proposed rulemaking include the internet address of a summary of not more than 100 words in length of a proposed rule, in plain language, that shall be posted on the internet website under section 206(d) of the E-Government Act of 2002 (44 U.S.C. 3501 note) (commonly known as regulations.gov). The Act, under its terms, applies to notices of proposed rulemaking and does not expressly include other types of documents that the Board publishes voluntarily for public comment, such as notices and interim-final rules that request comment despite invoking “good cause” to forgo such notice and public procedure. The Board, however, has elected to address the Act’s requirement in these types of documents in the interests of administrative consistency and transparency. In summary, the proposed rule would require that FICU boards of directors establish succession plans to proactively address any vacancies that may occur for key positions. The proposal is based on a prior February 3, 2022, proposed rule but includes several changes that the Board believes will further strengthen FICU succession planning.

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Co-filers (105)

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