Podcast: How Do You Make Your Bank Board Great?
A great board doesn’t mean just checking off all the boxes of best corporate practices and rules and regulations. Here are some tips from AABD President David Baris, in an episode of the This Month in Banking podcast from the Kafafian Group, an AABD sponsor.
It means having inquisitive, independent, and qualified board members engaged in active and candid discussions based on sufficient information, which lead to sound decisions and effective oversight.
It doesn’t mean always producing good financial results, although that is a key objective.
It means having a strong culture of openness and transparency designed to produce the best results.