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Director Elections
AgWest conducts director elections annually. A stockholder-elected Nominating Committee screens, interviews and selects director candidates for the board positions up for election.
Learn moreAgWest Farm Credit’s cooperative structure with customer-member governance is one of the unique qualities that separates us from other lenders.
AgWest Farm Credit is governed by a 21-member board consisting of 19 directors who are elected by the voting membership and two outside directors who are appointed by the board. Stockholder-elected directors are voting members from each of AgWest’s nominating regions. The outside appointed directors cannot be customer-members, employees or agents of any Farm Credit institution.
The board is comprised of four committees that provide focus and expertise in key areas of board oversight: Audit, Human Capital, Risk and Governance. All policies and major initiatives are reviewed by one of these committees, with actions recommended to the full board for approval.
IN THIS SECTION
AgWest Board Committee Charters and Code of Ethics
This charter outlines key governance practices, bylaw and board policy provisions, and other board directives. It also documents board expectations regarding director qualifications, responsibilities, and conduct.
AgWest Farm Credit has adopted this code of ethical conduct which reaffirms the high standards of business conduct required and provides guidance to AgWest and its directors and employees.
The AgWest Farm Credit Board Audit Committee assists the board in fulfilling its fiduciary responsibilities to oversee and monitor the association’s audit controls including the association’s,
- System of internal controls,
- Financial statement integrity,
- Internal audit function performance,
- External audit function performance (including assessing the external auditor’s qualifications and independence).
- Processes for monitoring compliance with laws, regulations, and the code of ethics.
The AgWest Farm Credit Board Governance assists the board in fulfilling its fiduciary responsibilities to oversee and monitor the association’s governance practices and controls and its strategic direction by reviewing:
- Board policies, issues and activities relating to board governance, Nominating Committee activities, election practices, and bylaws issues.
- Practices related to director onboarding, learning and development, and overall board conduct and performance.
- Strategic direction, strategic initiatives, branding, and business planning process.
- Customer outreach, education and engagement, reputation, stewardship and community engagement, and Farm Credit System relationships.
- Other areas of association operations, governance, oversight, and control not specifically assigned to other board committees.
The AgWest Farm Credit Board Human Capital Committee assists the board in fulfilling its fiduciary responsibilities to oversee and monitor the association’s human capital plans and controls including,
- Compensation philosophies, policies, and plans,
- CEO performance goals, performance evaluation, compensation, retention, and succession,
- Senior officer compensation strategies, policies, programs, and succession plans,
- Director compensation and related matters,
- The association’s Human Capital Plan and diversity and inclusion efforts.
The AgWest Farm Credit Board Risk Committee assists the board in fulfilling its fiduciary responsibilities to oversee and monitor risk controls including the association’s,
- Financial, asset-liability management, information technology, reputation, credit, valuation/ appraisal, model risk, allowance, and enterprise risk management performance.
- Board policies relative to financial, asset-liability management, information technology, reputation, credit, valuation/appraisal, model risk, and allowance.
- Reporting to provide a base understanding of association risk and inform when deeper analysis is needed (such as industry/stress studies, financial risk studies, model validations, or other operational risk studies)