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#1222758 - 07/27/09 02:42 PM Board Approved Policies
BAT Offline
New Poster
BAT
Joined: Sep 2001
Posts: 20
Whitinsville, MA, USA
Has anyone ever attempted to put together a list of all of the Policies that require Board approval initially and how frequently they should be reviewed by the board after the initial approval and if so would you be willing to share?

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General Discussion
#1222787 - 07/27/09 03:18 PM Re: Board Approved Policies BAT
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,858
Pulling people out of the ditc...
we have our Board approve policies annually...if a change is made mid-year, that one specific policy is sent for approval at the next board meeting
Last edited by Mr. Calibrater; 07/27/09 03:18 PM. Reason: clarification
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#1222948 - 07/27/09 07:12 PM Re: Board Approved Policies HappyGilmore
cbinder63 Offline

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cbinder63
Joined: Dec 2001
Posts: 674
Colorado
Our process is the same as Mr. Calibrater's.
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#1223007 - 07/27/09 08:36 PM Re: Board Approved Policies cbinder63
CEK Offline
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Joined: Jul 2009
Posts: 34
GA
To advertise you must contact Tobi@bankersonline.com. Advertising your product here, unpaid, cheats those vendors supporting this site.
Last edited by Andy Z; 07/28/09 09:36 PM.
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#1223498 - 07/28/09 06:01 PM Re: Board Approved Policies CEK
EdieT Offline
Member
EdieT
Joined: May 2009
Posts: 76
PA
I think what BAT was referring to is the specific policies that are required to be approved by the BOD.
i.e., BSA, OFAC, Compliance, Reg O.

As I am new to compliance also, it would be good to know just what MUST be approved annually.

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#1223760 - 07/28/09 11:55 PM Re: Board Approved Policies EdieT
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
"As I am new to compliance also, it would be good to know just what MUST be approved annually."

"MUST" be approved annually - none of which I am aware based on Federal regulations.
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