role of board of directors


What is the role of the Board of directors?

    In carrying out its governance and oversight roles, the board of directors serves as an indispensible check and balance without which our financial system as currently designed could not operate in a safe and sound manner.

What is the role of a director of a bank?

    Director’s Book Role of Directors for National Banks and Federal Savings Associations 89 Office of the Comptroller of the Currency Appendix B: Regulations Requiring Board Approval for Policies and Programs The board must approve and oversee management’s implementation of written policies and certain programs and practices.

What is the role of the board in a bank?

    The board should work with management to determine what information the board needs at meetings to monitor the bank’s operations, make decisions, and oversee the bank’s compliance with laws and regulations. Information should give directors a complete and accurate overview of the bank’s condition, activities, and issues.

What is the role of a board chair?

    individual selected as board chair plays a crucial leadership role in the board’s proper functioning. The board chair should promote candid dialogue, encourage critical discussion, and support directors to express any dissenting views.
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