Annual Assessments are a great way to expand your perspective.

We are uniquely positioned to help assess a financial institution’s board of directors. We use a combination of confidential questionnaires and interviewing techniques to answer the following sampling of questions. Let us customize a board assessment for your institution.

Composition and Organization

• Is the Board an appropriate size?
• Do members have a good balance of needed skills?
• Is the committee structure well documented and effective?
• Are meeting frequencies appropriate?

Group Dynamics

• Does everyone participate?
• Are members generally well prepared?
• Do one or two members overly dominate the discussion?
• Are meetings focused on the most important issues?
• Does the Board understand its role?

Ethics and Conflicts of Interest

Is there a comprehensive policy? Is it followed?

Does it address:

• Regulation O?
• Outside business interests?
• Criteria for doing business with insiders?
• Criteria for accepting gifts from customers or vendors?
• The appearance of a conflicts of interest?
• Require annual reporting of related interests?
• Appropriate policies for director loans?

Board Report Packages

• Do the packages contain sufficient information for Directors?
• Are they delivered on a timely basis?
• Is there too much data and not enough analysis?

Primary Board Responsibilities

How well does the board perform its primary responsibilities?

• Ensuring competent management and its succession;
• Overseeing of the audit function;
• Approving the strategic direction; and
• Ensuring regulatory compliance.