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Governance
11/14/2024

Onboarding New Committee Members

Some boards rotate committee assignments, and new directors will be appointed to at least one committee when they join a board. Here’s what you need to know to prepare new committee members.

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About the authors
Written by
Jack Milligan Editor-at-Large

Jack Milligan is editor-at-large of Bank Director magazine, a position to which he brings over 40 years of experience in financial journalism organizations. Mr. Milligan directs Bank Director’s editorial coverage and leads its director training efforts. He has a master’s degree in Journalism from The Ohio State University.

Jack Milligan
Editor-at-Large
Bank boards typically conduct much of their business in standing committees that meet periodically throughout the year. Typical committees include audit, compensation, governance/nominating, risk and technology, and directors are assigned to one or more of these groups. It is helpful to have an established process in place for onboarding new committee members so they can engage in the business of the committee as quickly as possible. For experienced directors who are rotating from one committee to another, the transition should be relatively easy since they should already have a working knowledge of the committee’s business. For new directors, their introduction…

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WRITTEN BY

Jack Milligan

Editor-at-Large

Jack Milligan is editor-at-large of Bank Director magazine, a position to which he brings over 40 years of experience in financial journalism organizations. Mr. Milligan directs Bank Director’s editorial coverage and leads its director training efforts. He has a master’s degree in Journalism from The Ohio State University.