Inactive Financial Institution Letters

Supervisory Insights Journal

Special Corporate Governance Edition Now Available

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.