A strong board is necessary to effectively oversee the management of the bank and provide stable direction for bank growth. Having a board that understands the responsibilities faced, both individually and collectively, is crucial to the well-being of a financial institution. Board members are now recognizing that they can be held personally liable for bank actions that they may not have agreed with but did not oppose. Many bank boards are perceived as being only rubber stamps for the bank's senior executive team. However, the Board is ultimately responsible for the actions of the bank, whether they question them or not.
DD&F has the expertise to help board members remain abreast of their bank’s operations and the trends in the industry. We have first hand experience with the positive results of good decisions and effective planning — as well as the consequences of mistakes, bad judgment or economic downturns. We understand the challenges faced by directors and senior management when the banking environment changes or problems begin to impact the bank’s performance.
DD&F has developed a training session for your board that addresses the responsibilities of board members, the effects of regulatory trends, and the importance of understanding bank performance indicators. DD&F’s interactive training session provides a way to achieve director education with a personalized approach. The training session is tailored to meet the specific needs of each bank, through the use of feedback from board members based on their understanding and perception of the bank’s operations and performance.
DD&F’s Director Training covers the following topics:
- The responsibilities of the Director
- Directors self-evaluation survey
- Why Directors should stay informed about banking operations
- The importance of risk management
- Encouraging Board member involvement
DD&F’s tailored approach to training combined with our extensive experience working with financial institutions across the country can provide your organization with the specialized guidance you need. More importantly, the training program has been approved by the Arkansas State Bank Department to comply with an Administrative Policy that is thought to be an innovative policy soon to be adopted in other states.
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