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…
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…
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…
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…
Prepared by Terry L. Stroud – February 2020 A Part Time Job with Full Time Responsibility – Board of Directors Before getting into the specifics of this article, I would like to pose the following question: How does an effective board of directors overcome the limitations associated with the part-time role where the requirements placed…
Prepared by Terry L. Stroud – April 2016 The relationship between a company’s board of directors and executive management continues to be an important topic for shareholders, investor groups/activists, and regulatory agencies. As a former banking regulator, I have first-hand knowledge of a regulator’s impact on the commercial banking sector. As most investors and business…
Prepared by Terry L. Stroud – June 2014 Over the past 35 years, I have had the unique opportunity to review and analyze a wide variety of businesses during my U.S. based work and my international assignments. As a former federal regulator for the commercial banking and thrift industries (including a ten year period from…
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