‘Back to School’ for Bank Directors as Need for Board Training Rises

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BRENTWOOD, TENN., September 17, 2013 – An increasingly complex regulatory environment, including new rules under the Dodd-Frank Act and Basel III, the fast pace of technological innovation and a highly competitive lending market all highlight the need for more highly trained bank boards. Recognizing the educational needs of veteran and new directors in the financial industry, Bank Director unveils its online and in-person board training program.

“Most independent directors at U.S. banks come from outside the industry,” says Bank Director Editor Jack Milligan. “Usually they are highly accomplished in their own professional disciplines but know little about banking and are forced to learn how to be a bank director on the job. We have created a comprehensive training curriculum that will greatly shorten the learning curve for new directors, while also offering something of value to experienced directors in the form of expert level content that will advance their knowledge as well.”

Bank Director’s Board Training Program educates board members on the best practices and latest developments in regulation, risk management, compensation, corporate governance and strategic planning. Leading experts in the banking industry guide the curriculum. The program incorporates both an online and in-person approach to board training.

  • The Online Training Series, which launched in August, is comprised of 6 units of 12 videos, each presented by a member of the Board Training Program’s faculty of industry experts. A new unit will be unveiled each month through the end of the year. Videos exploring the role of the board and examining the regulatory issues facing the banking industry are currently available, with a third unit focusing on risk management to launch October 1. The series is available on BankDirector.com.
  • The Bank Board Training Forum comes to The Hermitage Hotel, in historic downtown Nashville, Tennessee, from March 6-7, 2014. This one and a half day event is designed to be interactive in nature and provides attendees with both foundational knowledge and the latest information on best practices in all the critical areas that directors must understand.

Leaders in the banking community serve as members of the faculty for the Board Training Program. These include:

  • Jack Milligan, editor of Bank Director magazine, oversaw the development of the curriculum for the Board Training Program. His over 30 years of experience in financial journalism include stints as editor in chief of U.S. Banker, editor in chief at SNL Financial and general editor at Institutional Investor.
  • Laura Hay, managing director of the compensation consulting firm Pearl Meyer & Partners, has extensive experience in executive and director compensation. Her recent bank compensation projects include TARP regulation compliance, compensation program development for majority-owned private equity banks, CEO and board evaluation processes and compensation committee calendar development.
  • Salvatore Inserra, partner at Crowe Horwath LLP, a public accounting and consulting firm, has 25 years of experience in accounting consultations and auditing, including work with clients on strategic planning initiatives and audit committee education programs.
  • Steve Kent, president of River Branch Capital LLC, brings experience in mergers and acquisitions and capital markets activities for Midwestern region banks. He joined River Branch in May 2011 after a 13-year career at Keefe, Bruyette & Woods, Inc.
  • Jim McAlpin, an expert on the duties and responsibilities of corporate directors, is a partner in Bryan Cave LLP’s Financial Institutions Practice Group, a national leader in mergers and acquisitions transactions, de novo bank formations, going private transactions and public and private capital issuance for community banks. McAlpin has broad experience in corporate and business law, and regularly counsels clients on corporate governance matters and operational and regulatory issues.
  • Michael Percy is managing partner in charge of Crowe Horwath’s Financial Institution Group, which serves clients ranging from de novo banks to some of the largest institutions in the U.S. Percy has over 23 years of experience in the industry.

Complete details for the Board Training Forum are available online at BankDirector.com/conferences.

Since 1991, Bank Director has served as a leading information resource for the directors and officers of financial institutions. Through its quarterly Bank Director magazine, executive-level research, annual conferences, and its website, BankDirector.com, Bank Director reaches the leaders of the institutions that comprise America’s banking industry. Bank Director is headquartered in Brentwood, Tennessee.

Source: BankDirector.com

Contact: Online Training Series: Mika Moser, senior vice president, (615) 777-8475 or [email protected].
Bank Board Training Forum: Michelle King, director of events & education, (615) 777-8465 or [email protected].

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