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#2205880 - 02/12/19 08:30 PM Committee Charters
KarenK Offline
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Joined: May 2011
Posts: 15
PA
Does anyone know what committees are required to have charters? I was thinking any committee of the BOD (executive, audit, compensation, loan and risk) However, if we have an internal committee for fraud, operations/IT steering committee, should these also have charters? Thank you.

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General Discussion
#2205933 - 02/13/19 12:23 PM Re: Committee Charters KarenK
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,625
Galveston, TX
I am not sure that a committee charter is an actual regulatory requirement for any committee, but they do serve a purpose in defining the committee's actual responsibility. It is more of a sound management practice.
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#2205939 - 02/13/19 01:34 PM Re: Committee Charters KarenK
osucpa Offline
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Joined: May 2011
Posts: 1,402
We only have charters for the board level committees, nothing internal.

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#2205995 - 02/13/19 04:55 PM Re: Committee Charters KarenK
P*Q Offline

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P*Q
Joined: May 2001
Posts: 8,458
Somewhere
Besides the board ones, we have one for Compliance/Risk Management, IT and Products and Services Committees.

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