Effective Board Packets: Maximizing Reporting Effectiveness
Better board packets drive better board decisions. Join this detailed presentation to learn how to build clear, focused, and effective board packets that strengthen oversight, support risk-based decisions, and help directors spot red flags before they become bigger issues.
KEY WEBINAR TAKEAWAYS
- Directors’ responsibilities and examiner expectations
- Checklists to help ensure that corporate documents, policies, and reports are appropriately reviewed by the board
- How to review compliance exception reports
- Key details the board needs in order to approve policies, risk assessments, and audit/exam reports
BONUS MATERIALS
- Sample policy review schedule
- Sample report schedule
- Sample Compliance Officer’s report to the board
WEBINAR DETAILS
Ultimate responsibility for your institution’s risk management program lies with your Board of Directors. Examiners will evaluate the overall effectiveness of management and the board by analyzing board and senior management oversight; policies, procedures, and limits; risk monitoring and management information systems; and internal controls.
To facilitate this review, examiners will utilize reports and minutes from board and subcommittee meetings to confirm management is effectively communicating with the board and that they maintain appropriate oversight over risk management, compliance, operations, and financials. Therefore, receiving clear, concise, complete information is critical to a board’s decision making. In this session we will discuss the types of reports to include in board packages as well as how they should be utilized to ensure directors have the pertinent details needed to stay informed of issues impacting your institution and to make effective, risk-based decisions on its behalf. We will also address how to recognize “red flags” in board reports.
