UNDERSTANDING LEGAL DUTIES AND RESPONSIBILITIES OF BANK DIRECTORS
Members of the board of directors play a critical role in the successful operation of a bank.
This course provides a general overview of the legal requirements and duties of directors of commercial banks and savings associations insured depository institutions (IDIs), insured by the Federal Deposit Insurance Corporation (FDIC). This course also highlights key distinctions between IDI directors and directors of nonbank companies.
This course covers the following topics:
1) Supervision and Regulation
2) Role of the Board of Directors
3) Election of the Board of Directors
4) Director Responsibilities
5) Regulatory Actions and Director Lawsuits
6) Depository Institution Management Interlocks Act (DIMIA)
7) Compensation, and
8) Board Committees