Governance
08/14/2025

An Attorney Shares How Boards Help the Bank Stay Out of Trouble

Engaged deliberations and strong risk processes can help directors better oversee their institutions.

Emily McCormick
Vice President of Editorial & Research
When Robert Maddox enters a bank’s boardroom, it’s often because something went wrong.  “Eighty-five percent of the board meetings I go into are because something’s gone wrong,” he says. “We’ve got a four-hour meeting, and we’re going to do one hour on the consent order or the breach or whatever it is.” But as Maddox, a partner at the law firm Bradley Arant Boult Cummings, explains, there’s much that boards can do to effectively oversee their institution — and that can start with ensuring directors receive the right information to prepare for meetings. That preparation can enrich deliberations and the board’s…

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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.