This was a notational vote.
By notational vote, the Board approved a Notice of Proposed Rulemaking on Proposed Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More to be added as Appendix C to Part 364 of the FDIC’s Rules and Regulations Standards for Safety and Soundness.
A notational vote is an action by the Board of Directors taken without a meeting. The Executive Secretary distributes written materials to all members of the Board. Board members then vote or indicate their abstention in writing. The vote of the majority of the members of the Board on each item of business is the act of the Board, provided that a majority of members then in office vote or indicate their abstention on such item.
The following items were notationally approved:
- Memorandum and Notice of Proposed Rulemaking and Issuance of Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More
- Statement by Chairman Martin J. Gruenberg
- Statement by Vice Chairman Travis Hill
- Statement by Jonathan McKernan, Director of the Federal Deposit Insurance Corporation
- Financial Institution Letter
Votes
| Action | For | Against | Abstention |
|---|---|---|---|
| Notice of Proposed Rulemaking and Issuance of Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More | Chairman Gruenberg Director Chopra Director Hsu | Vice Chairman Hill Director McKernan |