Experiences like Northwest Bank’s are not unprecedented—and sudden death is not the only incident that can rock an organization’s world and trigger the succession plan.
Author Debra Cope
The focus on racial and ethnic diversity as opposed to gender diversity is accelerating across the board.
As banks approach two key asset thresholds—$500 million and especially $1 billion — they must begin preparing for new risks and regulatory expectations. Many of them play out in the audit committee.
How military veterans are helping bank boards think strategically, react nimbly and work as a team.
How one community bank has added directors as its business complexity increased.
Many banks have until January 1, 2023 before they must implement the current expected credit loss standard, or CECL. But it’s not too soon to start gleaning lessons from larger institutions that are already utilizing the new standard.
Does your bank board mirror your market? Mounting pressure for banks to better reflect their communities is prompting banks to rethink director recruitment.
Lawyers now occupy seats on three-quarters of U.S. bank boards, and new evidence suggests their rapid rise is linked to improved risk management and increases in bank valuation.
Success starts with recruiting a good mix of people and perspectives to create a dynamic and engaged cohort of directors. But what are some of the hallmarks of a board of directors that isn’t functioning as well as it should be?