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Board-Level Policies: What Is Required & Why

Apr 21 2:00 PM - Apr 21, 2022 3:30 PM
Apr 21, 2022 2:00 PM - 3:30 PM
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It sounds simple enough: policy, procedure, practice, and performance are the backbones of your financial institution’s operations. Each element must be sound and coordinated with the others to ensure peak performance and regulatory compliance.

Learning Objectives

  • Appreciate the critical elements of a policy
  • Distinguish board-level versus departmental policies
  • Maintain a compliant policy library
  • Define required board-level policies
  • Follow best practices in policy management

An essential element of risk management is a critical understanding of the role of policies, from board action to creation to implementation. But what exactly is a policy and how do you ensure the right ones are in place for your institution’s “size and complexity”?

From investments to lending and anti-harassment to information security, your policies are only as strong as their craftsmanship and deployment. This session will explore the basics of policies, from creation to amendment to retirement. Join former general counsel, David Reed, as he takes an enlightening look at which policies are required by regulation, explains the difference between operational policies and board policies, and offers best practices for maintaining a perfectly perfected policy pool.



David A. Reed, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third party contract management, and bankruptcy.




Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Board Governance