🛡️ GRC (Governance, Risk & Compliance)
An NCUA/FFIEC exam finding turns board governance into an immediately authorized spend.
Section 1
Market Snapshot
Governance body: Board of Directors / Supervisory & Audit Committees
Budget authority: CEO / President, General Counsel
Procurement cycle: As-needed; exam-driven
Spend triggers: NCUA/FFIEC exam finding · Board chair requesting governance overhaul · D&O underwriting review · Audit committee gap
Section 2
Decision Maker Map
Who signs, who champions, who uses, who blocks — and Boardable's hook for each.
CEO / President, General Counsel
Cares about: Liability, audit readiness, exam prep, D&O coverage
Boardable's hook: Documented board governance = exam-ready + insurer-friendly
Chief Compliance Officer, Corporate Secretary, Board Secretary
Cares about: Policy tracking, vote records, document retention
Boardable's hook: Full audit trail, vote recording, permanent archive
Board and committee members
Cares about: Access control, version history, security
Boardable's hook: Role-based permissions, secure guest access
IT Security / CISO
Cares about: Encryption, access logs, SOC 2, data residency
Boardable's hook: SOC 2 Type II, encryption at rest + in transit
Section 3
Buyer Language
Speak the vertical's language — not nonprofit-speak.
They say this
- board charter
- committee structure
- conflict of interest register
- audit committee
- board independence
- MNPI (material non-public information)
- fiduciary duty
- D&O liability
- regulatory examination
- board minutes
- quorum
- voting record
- governance framework
NOT this (nonprofit-speak)
No nonprofit-speak to unlearn here — this audience already speaks pure governance and compliance.
Pain phrases — quote these back to them
“We can't produce board records fast enough during an exam”
“Our audit committee has no visibility between meetings”
“We have no way to prove board members fulfilled their oversight duty”
“After the last exam finding, our board chair is asking for a governance overhaul”
Section 4
Regulatory Pressures
Each framework is a board-governance trigger that authorizes spend.
NCUA governance requirements (Part 701 — federal credit union bylaws)
board oversight and bylaw compliance
FFIEC examination standards
board oversight documentation
State credit union commission requirements
state-chartered CUs
D&O insurance underwriting
documented governance = better rates / coverage
Bank Secrecy Act / AML
board-level oversight and training documentation
Section 5
Competitive Landscape
What they use today, and where Boardable wins.
| Alternative | Why they use it | Boardable's wedge |
|---|---|---|
| Diligent / Nasdaq Boardvantage | Enterprise standard | Fortune-500 pricing; Boardable wins on cost + simplicity |
| Legal dept-managed SharePoint | IT-comfortable | No purpose-built governance workflow |
| Email + PDF attachments | Default | Catastrophic audit exposure creates strong urgency |
| Nothing | Budget-constrained | Exam finding = immediate spend authorization |