What is on the Horizon for Bank* Directors?
Our interviews included:
*We use “bank” to signify bank holding companies or banks given the various federal and state regulatory agencies looking at governance. Agencies are specified where appropriate.
Expanding Expectations for Bank Directors
“Hardware
versus
Software”
Time Allocation and
Level of Engagement
is Increasing
The Take-Away on Expectations for Bank Directors
The increased expectations
for bank directors apply to
the directors of U.S.
subsidiaries of foreign banks
What to do Next
What Should Bank Boards
Be Doing to Prepare for the
Coming Changes?
Boards of directors need to proactively review their composition and “software” related to governance in order to be able to have a constructive dialogue with regulators
