Optional Bank Audit Committee Primer
(There is an additional fee for this program)

The Bank Audit Committee Primer is open to newer bank audit committee members and those needing a refresher. Patricia Langiotti, Chair of the Director's Enterprise Risk Committee and former Bank Audit Committee Chair for National Penn Bancshares, Inc., and Lawrence W. Schwartz, Bank Audit Committee Member for Annapolis Bancorp Inc. and Bank Audit Committee Chair for First Virginia Community Bank, lead the Bank Audit Committee Primer.

9:30 a.m. - 10:00 a.m.
Registration

10:00 a.m. - 12:30 p.m.
Session I:  Everything You Ever Wanted to Know About Bank Audit Committee Membership

• Why an Audit Committee?
• What is the Role of the Audit Committee and How Has it Evolved Over Time?
• Characteristics of High Performing Audit Committees - What Works? What Doesn't?
• Developing and Using the Audit Committee Charter
• Discussion of Key Charter Elements
• Using the Charter to Discharge Your Duties
• Typical Meeting Structure
• Primary Duties and Responsibilities of Audit Committee Members
• Managing Risk, Internal Controls
• Monitoring Legal and Regulatory Compliance, Reports from Third Parties, Financial Reporting
• Engaging and Monitoring Performance of Independent External Auditors

12:30 p.m. - 1:30 p.m.
Lunch

1:30 p.m. - 4:00 p.m.
Session II:  An Overview of the Roles and Responsibilities of a Bank Audit Committee Member

• Compensation Oversight
• The Whistleblower Process
• Earnings Releases and Other Public Communications
• Bank Audit Committee's Relationship With:
  • Board of Directors
  • Lead Independent Director (or independent chair)
  • Other Committee Chairs
  • Regulators and Examiners
  • Bank Management
  • The Director of Internal Audit
• The Role of the Audit Committee Chairperson
• The Audit Committee's Role in Risk Management
• Formulating and Formalizing Your Risk Appetite and Connecting This to Your Strategic Plan
• When the Internal Audit Function is Outsourced or Co-Sourced

4:00 p.m. - 5:00 p.m.
Session III:  The Changing Financial and Regulatory Environment

• New and Emerging Bank Audit Committee Concerns - What Keeps You Up at Night?
• Managing Asset Quality
• Goodwill Impairment
• The Art and Science of ALL Calculations
• Capital Adequacy
• The Competitive Marketplace and Impact on Risk
• Increased Regulatory Scrutiny
• Public Relations Challenges

5:00 p.m. - 6:00 p.m.
Reception for Primer + Peer Exchange Attendees
Sponsored by: ICS Consulting Partners 

Optional Bank Audit Committee Peer Exchange
(There is an additional fee for this program)

Open to Bank Audit Committee Chairs only, Bank Director hosts this popular peer exchange the day before the annual conference begins.  Modeled upon our annual Bank Chairman/CEO Peer Exchange, small groups of bankers — along with one or two outside advisors — meet in closed-door, off-the-record peer groups for candid discussions about various hot topics.  Prior to the event, Bank Director will solicit input from particiapants to create the most relevant list of topic discussions.

The Peer Exchange runs concurrent to the Primer.

9:00 a.m. - 9:30 a.m.
Registration

9:30 a.m. - 9:45 a.m.
Welcome
Jack Milligan, Editor, Bank Director
Joan Susie, CEO, Bank Director

9:45 a.m. - 12:30 p.m.
Peer Exchange Sessions

12:30 p.m. - 1:30 p.m.
Lunch

1:30 p.m. - 4:30 p.m.
Peer Exchange Sessions

4:30 p.m. - 5:00 p.m.
Wrap-up Session
Jack Milligan, Editor, Bank Director

5:00 p.m. - 6:00 p.m.
Reception for Peer Exchange + Primer Attendees
Sponsored by:  ICS Consulting Partners