Committees : Governance
Banks can use a board assessment and alignment to create strategies that position them for growth and prepare them for unexpected changes in the industry.
It is increasingly important that bank directors are actively engaged in overseeing both compliance and security concerns.
Just 14% of boards talk about the risks and opportunities associated with climate change, despite increased interest from bank regulators.
Federal regulations require that banks form a risk committee when they reach $50 billion in assets, but many banks do so well before then.
The anticipated wave of bank CEO retirements occurring over the next few years means it’s never been more critical for boards to have a sound CEO succession process.
Regulators are increasingly interested in company approaches to environmental, social and governance factors, but banks can use these considerations to their advantage.
Greg Cunningham, chief diversity officer at U.S. Bancorp, shares how the bank thinks about diversity and inclusion initiatives ahead of Bank Director’s 2021 Bank Compensation & Talent Conference in Dallas, Texas.
Increasingly, the compensation committee’s role has been expanded to include oversight over broader people risk and opportunities that pose new challenges.
While many community banks draw director talent from their geographic markets, they may want to consider directors that are remote but bring essential skills, experiences and perspectives.
Banks face generational change in the C-suite, making executive succession a priority. Find out how to approach this crucial process.