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Financial Institution Letter
Supervisory InsightsJournal
Special Corporate Governance Edition Now Available
April 5, 2016
Notes
 

Summary:

The Special Corporate Governance Edition of Supervisory Insights is a review and commentary on the Pocket Guide for Directors , which is a set of common-sense principles that describe the responsibilities and duties of a bank's board of directors -- a framework for corporate governance that applies to any financial institution. This edition is available at http://www.fdic.gov/regulations/examinations/supervisory/insights/sise16/SI_SE2016.pdf .

Statement of Applicability to Institutions with Total Assets under $1 Billion: The information contained in this edition of Supervisory Insights may be of general interest to FDIC-supervised financial institutions, but it is not supervisory guidance.

Highlights:

  • " A Community Bank Director's Guide to Corporate Governance: 21 st Century Reflections on the FDIC Pocket Guide for Directors " is intended as a commentary and review of the Pocket Guide and incorporates more recent guidance and technical resources.
  • The Pocket Guide, first issued in 1988, remains unchanged because the basic responsibilities of bank directors are timeless. However, all bank directors will benefit from remaining up-to-date on the corporate governance lessons and experiences of other bankers and bank supervisors.
  • This special edition highlights key governance concepts, roles, and responsibilities of directors and senior management, and discusses how FDIC examiners evaluate governance at community banks. A list of resources, with links to regulations, guidance and training materials, is included to help community bank directors fulfill their duties.
  • Suggestions for article topics and requests for permission to reprint articles should be e-mailed to supervisoryjournal@fdic.gov . Requests for print copies should be e-mailed to publicinfo@fdic.gov .

Distribution:

  • FDIC-supervised Institutions

Suggested Routing:

  • Chief Executive Officer
  • Compliance Officer

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Additional Related Topics:

  • Corporate Governance
  • Pocket Guide for Directors
FIL-23-2016
Last Updated: April 5, 2016