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

10 Questions Directors Should Ask  Is the Board helping to create a “culture of compliance” and “tone at the top”?  Does the Board know what the Bank’s top compliance risks are and how they are being covered?  Does the Board approve a written Compliance policy AND program every year?  Does the Board discuss whether the Chief Compliance Officer has the right qualifications and would blow the whistle?  Does the Chief Compliance Officer attend Board meetings? Are there clear compliance metrics in reports?

10 Questions Directors Should Ask

 Is the Board having regular discussions in meetings about whether the Compliance Department has the right amount of resources?  What laws apply to the Bank and how any changes in law or regulation are implemented into the business/operations of the Bank?  How many regulatory findings (“Matters Requiring Attention MRAs”) does the bank have and how does the Board know that management is fixing these issues?  Is the Compliance program is “effective?” What does the most recent internal audit of the program say?  Is the Board getting enough training?