Jack Milligan, editor-at-large for Bank Director
Tuned-Out Directors An important aspect of corporate governance is engagement. Are directors participating in meetings, and contributing their knowledge and expertise to board discussions? The results of Bank Director’s 2020 Governance Best Practices Survey, sponsored by Bryan Cave Leighton Paisner, indicates that a significant number of directors at depository institutions have essentially checked out during meetings. Sixty-one percent of the respondents indicate that most of their directors actively participate during meetings — but 36% say that only some directors are actively engaged. The highest level of concern was expressed by CEO/chairs and lead directors. The survey was conducted in February...
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Jack Milligan is editor-at-large of Bank Director, an information resource for directors and officers of financial companies. You can connect with Jack on LinkedIn or follow @BankDirectorEd on Twitter.