Board Packets: How Much Is Too Much?

The first time I sat on a bank board was in 1984, and I remember the board packet being around 50 to 60 pages. I recently saw a board packet for a bank that was over 600 pages, and on top of that was another 300 pages for the holding company. Considering that most banks have monthly board meetings, it’s like having to read War and Peace or Moby Dick each month. People like to say that these monstrous board packets are really for the regulators, and while it might be largely true, it’s not entirely true. The true purpose...