Things That Keep Boards Up at Night
StreamedJul 21, 2022Duration90 minutes
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- Unlimited & shareable access starting
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- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Counting sheep? Do your duties and responsibilities as a board member keep you awake at night?
But… are you counting the right sheep? Do you know the risks, regulations, and financial realities that should be top of mind at your credit union? Learn more about today’s top risks and how to guide your institution accordingly.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate essential board governance concepts
- Prepare yourself to be an effective board member
- Understand duties of care and loyalty
- Avoid governance landmines and deploy best practices
- Consider consequences for lack of performance
- Maximize insurance and indemnification options
There was a time when there was no safer place to be than in the boardroom. But the time-honored tradition of service is getting tougher all the time and the concept of a safe haven is long gone. Today’s boards are faced with increasing pressure to stay informed of the complex regulatory and business realities of the financial services marketplace. From new regulations being crafted daily to balance sheet pressures caused by an eroding economy, there are landmines everywhere for an unprepared board member. As class action litigation continues to spread, there is always a risk that someone will attempt to hold directors liable for actions taken on behalf of the financial institution.
The concept of risk is foundational to financial institution operations. The regulators know it; institutions are evaluated based on a risk-focused examination program. The executive team knows it; key operational elements require regular risk assessments. Risk simply means the probability of something bad happening. But without risk, there is no reward. Rather than shy away from all risk, a well-run institution will evaluate the risk and design its strategy accordingly. Join veteran financial services attorney David Reed as he reviews the top emerging risks directors should consider as they guide their institutions toward new opportunities.
WHO SHOULD ATTEND?
This informative session is designed for directors, executives, senior management, compliance staff, internal auditors, and anyone involved in risk management.
- Regulatory guidance on board service
- Board risk worksheet
- Industry resources checklist
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
David A. Reed
Reed & Jolly, PLLC
© 2022 FINANCIAL EDUCATION & DEVELOPMENT, INC