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The Buck Stops With the Board
Emily McCormick, vice president of research for Bank Director
Leadership and effective decision-making form the foundation of long-term success. “The board has always managed this company with the goal of sustainable long-term performance, high performance,” says Rodger Levenson, chairman and CEO of WSFS Financial Corp. “Every discussion, every decision and every strategic plan that we put together is looked [at] through that lens.” To put it simply, the buck stops with the board. For this reason, Bank Director’s 2021 RankingBanking study — which examined the building blocks of long-term performance across 10 categories — incorporated an analysis of each bank’s board, relying primarily on proxy statements to understand governance...
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Emily McCormick is the vice president of research for Bank Director, an information resource for directors and officers of financial companies.You can follow her on Twitter at twitter.com/ehmccormick or get connected on LinkedIn.