Chapter 7 MANAGEMENT

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Chapter 7 MANAGEMENT TABLE OF CONTENTS MANAGEMENT ........................................ ........................................ ............................. 7-1 Examination Objectives ........................................ ........................................ ....... 7. 1 Associated Risks ........................................ ........................................ .................. 7-1 Overview ........................................ ........................................ .............................. 7-2 Meeting with MANAGEMENT ........................................ ........................................ . 7-2 Board, Committees, Operational MANAGEMENT ........................................ ............ 7-4 Red Flags ........................................ ........................................ ................. 7-5 Board Responsibility.

• Management succession plan; • Systematic review of policies and procedures; • Frequent need for borrowed funds; • Ground rules for dealing with department heads and other staff; and • Procedures for daily management discussions. To review credit union management, examiners may consider the following procedures:

  Management, Chapter, Succession, Chapter 7 management, Management succession