The FDIC has issued a Special Corporate Governance Edition for community banks which offers commentary on the FDIC’s classic Pocket Guide for Directors and other guidance related to corporate governance and strategic planning.
The issue highlights key governance concepts, roles, and responsibilities of directors and senior management, and discusses how FDIC examiners evaluate governance at community banks. A list of resources, with links to regulations, guidance and training materials, is included to help community bank directors fulfill their duties.
The special issue is a refresher on the FDIC’s guidance related to corporate governance and fiduciary responsibilities, and shares thoughts on how these long-standing principles apply to the challenges and opportunities facing community bankers. Although not intended as supervisory guidance, the issue offers information and resources to help community bank board members navigate their roles and responsibilities.
The Special Corporate Governance Edition may be found at https://www.fdic.gov/regulations/examinations/supervisory/insights/sise16/si-se2016.pdf.