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Things That Keep Boards Up at Night

Jul 21 2:00 PM - Jul 21, 2022 3:30 PM
Jul 21, 2022 2:00 PM - 3:30 PM
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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’ stop risks and how to guide your institution accordingly.

Learning Objectives

  • 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.

Agenda

Speakers

David A. Reed, JD, 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. 

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

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