Could groupthink be the greatest risk facing bank leadership teams and boards today? Merriam-Webster defines groupthink as “a pattern of thought characterized by self-deception, forced
The recent court case, Marchand v. Barnhill, should remind directors of what is required to fulfill their duty of loyalty and their responsibilities.
A pair of community banks partnered with third-party firms to accelerate organic loan growth.
The rise in the importance of the compensation committee is one of the most significant developments in bank governance since the financial crisis.
Outdated and cumbersome processes often prevent community banks from supporting the small businesses in their markets.
At a recent accounting conference, a trio of bankers expounded on some of the lessons they’ve learned from working with a vendor to calculate their allowances under the current expected credit loss model, or CECL.
Boards should let succession planning guide how they compensate the next generation of leaders.
There are four questions to ask about your bank’s ability to take advantage of the new digital landscape.
Joining a bank board doesn’t have to be a confusing experience for new members. Here are some practical takeaways for creating thoughtful, educational onboarding programs.
Banks should be aware of and prepare for LIBOR’s phase-out by revisiting the fallback language in syndicated loan credit agreements.