Board Reports – Who, What, When, Where and How

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$269.00

Presented by:
Andy Zavoina

Your board of directors has its own mission statement. In concert with management, long and short-term goals must be established. These form the framework for your strategic plan. The board helps in your planning process by approving policies which act as roadmaps. And contained, at least in part, in these policies are controls which assist in evaluating compliance with laws and policies.

What policies must exist? There is no single list or answer to fit every institution We'll discuss the variables that influence which policies you should have, as well as those policies that are always required. These include:

loans, including internal loan review procedures

investments

asset-liability/funds management

profit planning and budget

capital planning

internal controls

compliance activities

audit program

conflicts of interest

code of ethics

In addition, we'll discuss some streamlining procedures that can help in the production, revision and maintenance of your bank policies.

The controls that are in place must be effective and allow for fine-tuning to ensure everything is done as it should be. While the board won't "do" the monitoring, they will review reports which sum up monitoring efforts and reflect the overall condition of your bank and adherence to the directions provided.

Reports provided to the board must be at the appropriate level and meaningful. The detail and frequency will depend on your institution, but sometimes it helps to think outside the box and re-think the time spent on your current reporting processes.

Reports generally will include information such as the following:

the income and expenses of the institution

loans and investments made

past due and negotiated loans and investments

problem loans, their present status and workout programs

allowance for possible loan losses

concentrations of credit

losses and recoveries on sales, collections, or other dispositions of assets

funding activities and the management of interest rate risk

performance in all of the above areas compared to past performance as well as to peer groups' performance

all insider transactions that benefit, directly or indirectly, controlling shareholders, directors, officers, employees, or their related interests

activities undertaken to ensure compliance with applicable laws (including, among others, lending limits, consumer requirements, security, and the Bank Secrecy Act,) and any significant compliance problems

any extraordinary development likely to impact the integrity, safety, or profitability of the institution

Providing meaningful policies and reports is the focus of this webinar. While there is no "one size fits all" solution, we will discuss in detail the reports and policies that are required and how often these issues should be discussed. Ensuring the content of policies and reports is complete will also be discussed as well as several avenues for delivery. This presentation will not discuss the content of each board report, but the content in general terms. We will a focus on security, compliance and Community Reinvestment Act reporting as examples.

VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).

Instructor:
Andy Zavoina: Mr. Andy Zavoina, CRCM, is a consultant with the Glia Group, best known for its involvement with BankersOnline.com.

Mr. Zavoina has been in finance and banking for 22 years. Over 20 years were with a holding company with two Central Texas community banks that had $534 million in assets, 89 branches spanning Texas and nearly 500 ATMs. After starting in loan workouts, Mr. Zavoina has been a consumer, commercial and real estate lender and managed those departments as well as being the banks first Webmaster. He was responsible for compliance- management, -auditing, and -training for both banks.

Mr. Zavoina is a past Chairman of the American Bankers Association's Compliance Executive Committee. He was the 2003 recipient of the American Bankers Association's Distinguished Service Award for his involvement and accomplishments in the field of regulatory compliance management. He currently serves on the Editorial Advisory Board for the ABA's Compliance Magazine, Compliance Action magazine, is a member of the ABA's Compliance School Board and is a BankersOnline Guru. He also served on the Texas Bankers Association's Compliance Committee.

He is a graduate of the ABA National Commercial Lending School, National Compliance and National Graduate Compliance School and is a Certified Regulatory Compliance Manager with the Institute of Certified Bankers. He has written numerous articles and lectured on compliance, the use of the Internet and technology as a tool, as well as compliance in cyberspace to local, state and national associations. Internet policies and other compliance related programs are made available on his personal Web site.

Complete presentation (including slides and audio)
Written Materials
Follow-up Q & A

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

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