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Upcoming League Events

 

Webinar: Defining the Board Versus Auditor Supervisory Committee Responsibilities

 

 

Tuesday, May 13, 2014

2:00 - 3:30 pm CST

 

Speaker: David Reed, JD, Reed & Jolly, PLLC

 

About the Program

Every volunteer wants to ensure their credit union is successful. The Board and Supervisory Committee must work together to ensure a well-maintained and high-performing credit union. Natural, healthy conflict is the norm between the Supervisory Committee and Board of Directors, but what happens if the two cannot work cooperatively? The member suffers and the credit union is at risk.

 

The Board is the unquestioned authority within credit union governance. The Supervisory Committee is the members’ watch dog and has specific responsibilities for confirming that the credit union is safeguarding member assets and resolving member complaints. Often, serving on the Supervisory Committee is a routine affair. But what if your annual audit or personal observations uncover a significant issue within the credit union? What happens if the board does not agree? Do you know the next step? How far can you go?

 

Examiners are taking an increasingly hard look at the role of the Supervisory Committee in credit union governance. Don't be caught ill-prepared. From compliance failures to conflicts of interest, you need to be ready for the unexpected!

 

HIGHLIGHTS

  • Understanding Supervisory Committee rights and responsibilities
  • Roles and boundaries
  • Defining and maintaining committee relevance
  • Maximizing Supervisory Committee and Board relations
  • Board and Supervisory Committee interaction best practices
  • Lessons learned from recent regulatory interventions


Related Files
Printable Brochure (Adobe PDF File)

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