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Upcoming League Events

 

TeleConference: Director and Officer Liability

 

Tuesday, October 21, 2014

10:00 - 11:00 am (CST)

 

Speaker: John Porter, Partner of Consumer Collections

 

About the Program

This session prepares the director and officer for their legal responsibilities in the roles they play at the credit union. Presenter John Porter will identify potential liabilities directors and officers face under Federal and State law including FIRREA. The goal is to provide the audience with ways that directors and officers can minimize potential liability.

What you will learn:

  • Laws that govern credit unions
  • CU Charter/Articles of Incorporation
  • CU Bylaws/Code of Regulations
  • General Director/Officer responsibilities
  • Preservation of records
  • Potential liabilities/top reasons Directors/Officers get sued
  • Duties a Director/Officer owe a credit union
  • Common law, statutory and federal law (including Financial Institution Reform Recovery and Enforcement Act)
  • Recommendations to justify Board action against breach of fiduciary duty and FIRREA claims
  • Minimum procedures when dealing with third party providers
  • Checklist: Board actions that must be taken
  • Case law


Related Files
Printable Brochure (Adobe PDF File)

Related Links
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