Magazine : Archives : 2nd Quarter 2006

Making the Right Decisions

A bank director's job is always a challenge. First, the job isn't easy, doesn't pay well, and carries a lot of liability. The prestige of being a director is often under fire. Second-guessing board decisions is a good living for a few, conversation for others, and great sport for the media. Second, the world of banking is rapidly changing—new regulations, rising interest rates, the potential bursting of the real estate bubble, Basel II, and of course, China's impact on the world as we know it today. The best advice I ever heard on all of the above was from the...