|
Effective Board Committees: The Audit Committee and Beyond
Telephone Briefing*
Organized in cooperation with ABA Bank Directors Briefing
Board committees have become more integral than ever to the proper functioning of busy, often over-burdened bank boards. More and more, harried boards delegate detailed work to their committees, reserving full-board time for strategic concentration. And while traditional committees retain their importance, the Audit Committee continues to evolve into the hub of the committee structure.
Join ABA's panel of experts for a 90-minute telephone briefing about building more effective bank governance through board committees.
| Program Date |
Wednesday, December 10, 2008 • 2:00 - 3:30 p.m. ET |
| Per Site Fees** |
$255 ABA/Service Member • $385 Non-Member |
| Registration |
Register Online (PDF) |
| Audio CD |
Order Online |
| Credits |
1.5 CPE credits for CPAs (NASBA) |
Audio CDs for this telephone briefing will be available for purchase
7-10 days after the airing of the program.
Today, a board can try to deliberate all the issues which oversight of a bank entails in one monthly meeting. But that's like trying to eat a whole steak in one swallow. It's just too much.
Smart boards divide and conquer.
They do that by maintaining or adopting an appropriate committee structure. Through that structure, dedicated directors, trustees and staff address key board challenges. These include audit issues; corporate governance and nominations; compensation strategies; asset-liability management; and credit oversight.
Committees do the heavy lifting and pass their reports to the full board for consideration in decision making. Indeed, the word "committee" comes from an old Latin word meaning, "to entrust."
Making this approach work well relies on understanding the duties, appropriate roles, and challenges of key bank board committees—and knowing how to avoid common mistakes.
Recommended for all boards, but especially those diehards who still try to "do it all" at the full-board level—and find that that isn't working anymore.
Topics Include
- Why committee structure is more important than ever: The growing burden placed on bank boards and how to address it.
- How a strong Audit Committee makes a stronger bank: How the Audit Committee's responsibilities have grown and evolved for both Sarbanes-Oxley-covered banks and those not covered by the law.
- How risk management oversight underscores committee duties: Heightened risks for banks give all committees a piece of the risk management oversight task.
- Ensuring that "oversight" doesn't morph into "micromanagement": Which tasks belong to the board, which ones belong to committees, and which belong to professional management.
- Where will committee duties evolve?: How bank board committees' roles will continue to change, as the banking industry and its regulation change.
Speakers
- Robert F. Coleman, principal and founder, The Coleman Law Firm, Chicago, and director and chairman of the Audit Committee, PrivateBancorp Inc.,
- Nicholas J. Ketcha, Jr., principal, FinPro, Inc., Liberty Corner, N.J., and former FDIC Director of Supervision and former Director of the N.J. Division of Banking.
- Philip K. Smith, president, Gerrish McCreary Smith, PC, and Gerrish McCreary Smith Consultants, LLC, Memphis, TN
- Michele P. Sullivan, Executive In Charge, Financial Institution Risk Consulting Practice Group, Crowe Horwath, South Bend, IN
Who Should Attend
Recommended for all boards, but especially those diehards who still try to "do it all" at the full-board level -- and find that that isn't working anymore.
- Bank Directors and Trustees
- Community Bank Presidents/CEOs
- Community Bank Management Staff
*ABA's Telephone Briefings include reference materials and telephone audio. Telephone/Webcast Briefings include reference materials, telephone audio, and simultaneous webcast presentation (requires 56K or faster with JavaScript and cookies enabled in the browser, i.e., Microsoft Internet Explorer 4.0 or later, or Netscape 4.7X).
**Each site license (registration fee) entitles you to one phone connection and one Internet connection (when there is a simultaneous webcast presentation) where an unlimited number of listeners can participate.
Any transmission, retransmission or republishing of the audio or Web portions of this briefing is strictly prohibited.
Questions? Please contact Traci Leiva for more information.
| 
