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#586807 - 07/21/06 04:45 PM Board Level Committees
kropper Offline
Member
kropper
Joined: May 2001
Posts: 56
Bushwood Country Club
I am a former bank examiner that used to be quite familiar with committee structure at banks of varying sizes. I have been "out of the business" for a few years and am looking for guidance on how bank committee structures look today. I am interested in hearing from those of you who would be willing to provide the names and primary functions of the "board committees" that exist at your banks. Your assistance would be invaluable!

Thank You!

Jeff
_________________________
Jeff Kropschot, Assistant Greenskeeper

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General Discussion
#586808 - 07/21/06 05:08 PM Re: Board Level Committees
Ms Auditor Offline
100 Club
Joined: Oct 2001
Posts: 148
Upstate NY
Three that come to mind are the Audit Committee, Board Loan Committee and Compensation Committee (We are a small financial institution).

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#586809 - 07/21/06 05:42 PM Re: Board Level Committees
kropper Offline
Member
kropper
Joined: May 2001
Posts: 56
Bushwood Country Club
Thank you for your reply! Any others that would be willing to share?
_________________________
Jeff Kropschot, Assistant Greenskeeper

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#586810 - 07/21/06 05:42 PM Re: Board Level Committees
RVFlyboy Offline
Power Poster
RVFlyboy
Joined: Oct 2000
Posts: 5,983
Soaring over Georgia
Executive Committee
Loan Committee
Asset/Liability Committee
Audit Committee
Compensation Committee
Nominating and Corporate Governance Committee
_________________________
Jim Bedsole, CRCM, CBA, CFSA, CAFP
My posts - my opinions

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#586811 - 07/21/06 08:51 PM Re: Board Level Committees
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,458
Somewhere
We only have 2: Audit Committee and Nominating Committee.

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#586812 - 07/21/06 09:29 PM Re: Board Level Committees
MaryRink Offline
Gold Star
Joined: Jul 2003
Posts: 306
Northern MN
We have the following committees:
Asset/Liability Management-monthly meeting & report to BOD
Marketing Committee-meets quarterly-no reporting
Compliance Committee-monthly meeting & report to BOD
CRA Committee-monthly meeting & report to BOD
Risk Assessment Committee-meets semi-annual w/report to BOD
We are a $150M bank.
P.S. I'm lucky enough to be on all of the committees.

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#586813 - 07/25/06 04:53 PM Re: Board Level Committees
kropper Offline
Member
kropper
Joined: May 2001
Posts: 56
Bushwood Country Club
Thank you to all for your timely responses.
_________________________
Jeff Kropschot, Assistant Greenskeeper

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#692244 - 02/23/07 05:25 PM Re: Board Level Committees kropper
Jan94 Offline
Platinum Poster
Joined: Mar 2001
Posts: 828
USA
I know that the Board Committees need to have directors represented but for which committees is it permissible to have employees who are not Directors or Executive Management? (I've heard that the Audit Committee should not have anyone from the Bank's Executive Management in attendance.) Is there any written guidance on setting up a board committee?

Thank you.

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