Archive for July 2024
Effective Corporate Governance – The First Step in Risk Mitigation
Corporate governance identifies the authorities and responsibilities of the board and senior management in their respective roles to govern the bank’s operations and structure. Corporate governance involves the relationships among the bank’s board, management, shareholders, and other stakeholders. Corporate governance is essential to the safe and sound operation of the bank. Corporate governance includes how…
Read MorePrudent Corporate Governance: A Board’s Dilemma
This article is based on my experience attending over 300 board meetings for financial institutions and other companies I supervised as a federal regulator. It is intended to more clearly define the roles and duties regarding the practical and steady stewardship of a board of directors, including management of the institution’s information workflow and how…
Read MoreWhy Banks Fail?
We have seen three significant bank failures in March, including the second and third largest in US history. Let’s hope April is a better month for banks. The timing of these failures coming so close together was not a coincidence. These events were remarkable in their timing and location, which I will address later. Let…
Read MoreExpert Witness Work – The Dos and Don’ts?
For over a decade, I have served as an Expert Witness on numerous lawsuits. Most of the cases I agree to take are related to my experience as a banking regulator and my experience involving corporate governance issues. My work in this area increased once I obtained the Certified Fraud Examiner (CFE) designation. The following…
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