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Board Self-Evaluation and Performance Improvement
Telephone Briefing*
This program has been organized in cooperation with ABA Bank Directors Briefing
Every bank board can find room for improvement. But where can the board chairmen, governance committee chairmen, and individual directors begin? In an age when the "clubhouse boardroom" doesn't cut it anymore, how can potential improvements be targeted? The board evaluation represents an increasing popular option.
Join ABA's panel of experts and experienced bankers and directors for a ninety-minute recording of the July 9th telephone briefing about the best ways to make sure the bank's engine -- it's board of directors -- keeps firing on all cylinders.
After years of working together, some boards and board members can fall into a terrible rut. Joe always has something to say. No one's heard a meaningful word from Charlie in years. Barbara always reads the board packet cover to cover; it shows in her questions. Bud opens the envelope in the parking lot on meeting day -- but it doesn't matter because he usually nods off during the loan report. The same people, meeting in the same boardroom, talking about the same issues, in the same routine. It can make for rigid thinking -- and "director arthritis." (Oh, that new director? Hmm, lots of ideas, but seems to lack some training.)
How can a group of longtime associates shake themselves up? How can new blood best be used? How can board members hold each other to high governance standards? And, how can tough decisions be made about boardroom performance, or lack of it? How can the often uncomfortable suggested shift to "emeritus director" status be made fairly, yet timely?
Board self-evaluations, one answer to these challenges, represent a responsible means of achieving change -- or determining that the board indeed remains on the right track.
| Program Date |
Wednesday, July 9, 2008 • 2:00 - 3:30 p.m. ET |
| Per CD Fees** |
$255 ABA/Service Member • $385 Non-Member |
| Registration |
Not applicable |
| Audio CD |
Order Online (PDF) |
| Credits |
1.5 CPE credits for CPAs (NASBA) |
Topics include
- Why board evaluations help: The value of a disciplined approach to assessing the quality of the whole board, and its individual members
- Keeping board evaluations friendly yet focused: How to generate honest self-evaluations and evaluations of each other, without creating unhelpful friction nor creating an equally unhelpful "mutual admiration society"
- The impact of the Sarbanes-Oxley Act: What "SOX" has to say about board evaluations and practices that have been developed for public companies
- Pros, cons, and costs of "homemade" versus "facilitated" evaluations: Do-it-yourself efforts may mean reinventing the wheel, but the price is right. On the other hand, professional evaluation packages can save labor, but may hit $50,000 or more each year.
- Where do you go next? Once the evaluation is done and discussed, how to turn information into action, and improvement.
Speakers
Additional speakers have been invited to participate on this panel.
- David Baris, Executive Director, American Association of Bank Directors, and Managing Partner, Kennedy & Baris, LLC, Washington, DC
- William Grant, Chairman and CEO, First United Bank and Trust, and First United Corporation, Oakland, MD
- Debra Lins, President and CEO, Community Business Bank, Sauk City, WI
- Carroll Olm, First Citizens State Bank, Whitewater, WI
Upcoming topics
Audio CDs for each telephone briefing will be available for purchase
7-10 days after the airing of the program.
Who Should Attend
Recommended for veteran boards with little recent turnover, and any board where directors desire to improve or maintain their collective game.
- Bank Directors and Trustees
- Community Bank Presidents/CEOs
- Community Bank Management Staff
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*ABA's Telephone Briefings include reference materials and telephone audio. Telephone/Webcast Briefings include reference materials, telephone audio, and simultaneous webcast presentation (requires 56K or faster with JavaScript and cookies enabled in the browser, i.e., Microsoft Internet Explorer 4.0 or later, or Netscape 4.7X).
**Each site license (registration fee) entitles you to one phone connection and one Internet connection (when there is a simultaneous webcast presentation) where an unlimited number of listeners can participate.
Any transmission, retransmission or republishing of the audio or Web portions of this briefing is strictly prohibited.
Questions? Please contact Traci Leiva for more information.
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