A Director’s Guide to Corporate Governance 101

The day when the board’s focus was limited to approving loans and marketing the bank in the community is long past.  Today’s boards face a wide array of complex tasks, and, accordingly, the composition, structure and organization of the board must all be geared to facilitate the board’s performing its duties and functioning properly.  This process today is lumped under the heading of “corporate governance.”  The concept of functioning properly, of course, is in the mind of the beholder, but it clearly includes the board’s performing its primary duties of enhancing shareholder value, selecting, compensating and overseeing management and implementing...