Bank Directors Seminar, Coeur d'Alene, ID, September 15-17, 2019

SITUATION: 3. DIRECTOR MISCONDUCT

DIRECTOR MISCONDUCT

Situation:  Your bank has 287 unique shareholders, and its stock is traded several times each month on an active broker-sponsored secondary market  In a discussion following the positive monthly financial report, a fellow long-time director blurts: “The whole reason I am on the board is to know when to buy and sell my shares”  As the board chair, what do you do?

50