To facilitate this review your examiners will utilize reports and minutes from board and sub-committee meetings to confirm whether management is effectively communicating with the board and that the board has appropriate oversight over risk management, compliance, operations, and financials. Therefore, receiving clear, concise, complete information is critical to a board’s decision making. Today we will discuss the types of reports to include in board packages as well as how these reports should be utilized to ensure your directors are receiving the pertinent details needed to stay informed of issues impacting your institutions and to make effective, risk-based decisions on behalf on its behalf. We will also address how to recognize “red flags” in Board reports.
What You’ll Learn
- Understand the responsibilities of and examiner expectations for your directors
- Utilize checklists to track that corporate documents, policies, and reports are appropriately reviewed by the board
- Review compliance exception reports
- Discuss key details the board needs to approve policies, risk assessments, and audit/exam reports
- Explain key information from lending reports, including tracking concentrations, stress testing, and LTV standards
Who Should Attend
This informative session is designed for Corporate Governance Officers, Senior Managers, Compliance Officers, and any staff member responsible for preparing reports for the Board of Directors.