Securities Law

Posted on Thursday, May 16 2013 at 2:28 pm by The Kilpatrick Townsend Securities Team

The Role of the Board of Directors in Strategic Planning

In light of the number of bank failures since 2009, the regulatory focus on risk management and the increased regulatory burden imposed on community banks by recent legislation and implementing regulations, there has been a greater focus on the roles and responsibilities of bank directors when it comes to leadership of the bank. The fundamental duties of directors re-main the same – the duty of care and the duty of loyalty. However, the banking industry and the environment in which banks operate are changing on a continuing basis and this makes it essential that community banks have a clear strategic plan. more

This article is authored by Kilpatrick Townsend partner Chris Gattuso

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