Best Practices for Strategic Planning

“The backbone of success is hard work, determination, good planning and perseverance.” The emphasis on “good planning” is my own, but this quote from soccer legend Mia Hamm succinctly describes the important role that strategic planning plays in the success of an organization. It’s the board’s responsibility to set the strategic direction for the bank, in consultation and with assistance from the executive team. This process isn’t just good business – strategic planning is a basic regulatory expectation. As the Federal Deposit Insurance Corp. states in its “Pocket Guide for Directors,” the board should “establish, with management, the institution’s long-…

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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. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and 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.