| A Community Bank Director Advisor | Issue #18 - December 2008 |
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Fiduciary
Duty Implications of TARP An analysis
of whether to accept TARP funds under the new Emergency
Economic Stabilization Act is more than just a calculation of
the cost versus the regulatory “strings”. Boards of
directors should consider whether making the election to
accept funds runs counter to fiduciary obligations to enhance
value for shareholders. Credit
Policy – Do The Old Rules Still Work? With the
significant credit problems that have erupted in the past
twelve months, many Board Loan Committees are asking “what
went wrong?” What were the mistakes made during this very
difficult environment and how do we insure they are not
repeated? Risk
Management in an Uncertain World The
director’s duty to provide management with appropriate
direction and oversight requires an understanding of risk
management. Before getting caught up in the fine details of
risk management, a director must understand the big picture. It
only really involves three steps. Valuation
Metrics Based on Book Value We now find
ourselves neck deep in one of those rare instances where book
value multiples are highly meaningful. This rare circumstance
has been brought into being by a sudden and dramatic loss of
confidence in the Strategy
102: Part IV In an increasingly competitive financial services environment, the only way to attract profitable new customer relationships, while enhancing and retaining those you already have, is to offer truly superior “value propositions” to the right target customer segments. Strategy 102: Part IV will present the three essential components of a value proposition, will discuss the strategic relevance of each, and will explain why the only thing you really have to sell is what makes you different. <read more> |
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