Bank directors should not think grimly about their service as a board member, even in the light of increased regulatory and shareholder pressure. While laws and regulations are constantly evolving, bank directors who approach their director work with clear focus, open lines of communication with management and a real understanding of the tenets of service as a director will be able to perform their functions at the highest levels that both regulators and shareholders have come to expect. Banks can, and must, build high performance boards that are ready to respond to the vast litany of responsibilities.
Read the article here.