Assessing Your Committee Structure
An effective board of directors routinely evaluates its committee structure to ensure it is well-adapted to oversee its bank’s size and complexity, says Mark Kanaly, a partner with Alston & Bird. Boards may also benefit from bringing in a third party every two to three years to conduct candid, one-on-one conversations with individual directors. Such conversations can offer board members a chance to share honestly about what’s working well for the board and what could use improvement, he says.
Topics discussed include:
- The Role of a Third Party
- Frequency of Board Assessments
- The importance of Crisis Readiness
The above video is part of Bank Director’s Online Training Series. To learn more, view The Attributes of High-Performing Committees.
Mark Kanaly
Mark Kanaly is a partner at Alston & Bird LLP in their corporate area, focusing on corporate and securities, finance, financial services, health care, and real estate groups. Previously, he served as chair of the firm’s partners committee and chair of the firm’s financial services and products group. Mr. Kanaly represents corporate clients, with a focus on players in the financial services arena. He assists these companies with mergers and acquisitions, IPOs, public and private capital-raising transactions, corporate governance, and a host of related regulatory matters. Mr. Kanaly has worked on some of the most innovative and recognized transactions in the country. He regularly counsels boards of directors regarding strategic planning, regulatory entanglements, and internal corporate governance matters and is a nationally recognized speaker on various corporate topics.