A Community Bank Director Advisor
Issue #1 - March 2006  

Hot Director Education Programs

WIB has an extensive array of quality education programs for bank directors. Don't miss out!

Annual Conference for Presidents, Senior Officers & Directors - March 18-22

WIB Directors Institute: Corporate Governance Core Competencies Workshops with WBA and WICBA - May 24-25

M&A: A Review of Strategic Alternatives (a Simulation)
- June 7

The Directors Institute: Committee Roles Workshops
June 7:
Directors & Audit Committee
Directors & Risk Management
June 8:
Directors & Investments/ALM

WIB Directors Institute: Corporate Governance Core Competencies Alaskan Cruise - Aug. 27-Sept. 3

Annual Fall Directors Conference - November 2-4

Click here to view all WIB Directors Programs


Take advantage of another valuable resource from WIB - the Western Banking Magazine Archives! You'll find the full text from all five of our annual Directors Issues, as well as all other editions! Click here to explore

"Protecting Yourself From Personal Liability"
See the handout from the 2005 WIB Directors Conference

What Our Members are Saying

"Western Independent Bankers provides quality education programs. No other association caters to the director like WIB does."
- Ellen Sas, EVP & Chief Risk Officer, Frontier Bank, Wash.

"WIB offers excellent continuing education opportunities for Bank Directors."
- Carrol Pruett, Chairman, Mid-State Bank & Trust, Calif.

 

Inaugural Issue of Directors Digest - Our Latest Tool in Director Education
Nancy E. Sheppard, WIB President & CEO

Welcome to our inaugural issue of Directors Digest! As a leader in director education, WIB is pleased to provide this members-only eNewsletter to board members and CEOs. This quick read format touches on key issues important to directors - as selected by WIB and industry leaders writing for the newsletter - and is one more tool that you can use to be a better director. We welcome any feedback you may have on the format, its content or future articles.

In addition to the columnists’ insights, this newsletter will keep you up-to-date on the educational programs for directors offered through WIB. Requiring bank directors to have annual education is a best practice for corporate governance. Being proactive in the area of director education is good for your bank, good for your directors and is looked upon favorably by the regulators. To take a look at WIB and the American Association of Bank Directors recommendations for a director training educational policy, click here.

General Interest 


Enterprise Risk Management
By S. Scott MacDonald, Southwestern Graduate School of Banking

A quick look at recent industry trends shows that the financial services industry’s total portfolio risk has increased over the past 15 years. This trend, along with the fact that the banking industry assumes other parties’ risk, means that a “portfolio approach” to risk management is even more critical today than ever before.  <read more>

Regulatory & Compliance


Deposit Insurance Reform - Marketing And Earnings Opportunities And Pitfalls By Joseph Lynyak, Reed Smith LLP

FDIC Legislation may soon become law that could increase deposit insurance coverage, but may result in the payment of deposit insurance premiums by banks for the first time in many years. <read more> 

Strategic Issues


Strategy 101
By Cass Bettinger, Cass Bettinger & Associates

The leaders of banks which consistently outperform their peers 1) have a far deeper understanding of the key financial drivers of shareholder value, and 2) share the unique ability to adapt proactively and opportunistically to change by developing and executing the right strategies at the right time. This column discusses these key drivers - and the strategic thinking and planning which leads to high-performance.  <read more> 

S-Corps Come of Age
By Curtis Carpenter, Sheshunoff Management Services  

In 1997, Congress granted banks the right to form as S-corporations. Next year those leading six hundred will mark their ten-year anniversaries as S-corps. With that milestone they will shed the last vestiges of C-corp tax treatment. Find out what it means for the bank. <read more> 

Technology


Take Ownership of Your Technology & Improve Your Bottom-Line By Ken Sebastian, ViTEX

Over the years we have developed a number of proven methods to address the challenge of helping clients get the most out of their technology investments. This article highlights some questions the board want to address with your management team regarding IT expenditures in your oversight role.  <read more>

KEY COMMITTEES


The Audit Committee Revisited
By John Stuart , Reitner, Stuart & Moore

Some time has now passed since new audit committee charters and policies were prepared in response to the Enron scandal and the resulting regulatory responses. As another yearly cycle begins for the committee, we should revisit what we have done and whether, after some experience and reflection, there are things that ought to be changed. <read more>

CORPORATE GOVERNANCE


Can You Really Measure Individual Director Performance?
By Stephen A. Enna, John Parry & Alexander

Most experts in bank governance will advise you that it is important to evaluate the performance of bank directors. Certainly it makes common sense and seems like a good thing to promote...but doing it may be much more difficult than it appears. <read more>