Transcription of Duties and Responsibilities of Directors Effective …
{{id}} {{{paragraph}}}
Example: bankruptcy
Duties and Responsibilities of Directors Effective …
Duties and Responsibilities of DirectorsEffective date April 2013 Section are placed in a position of trust by thebank s shareholders, and both statutes and com-mon law place responsibility for the affairs of abank firmly and squarely on the board of direc-tors. The board of Directors of a bank shoulddelegate the day-to-day routine of conductingthe bank s business to its officers and employ-ees, but the board cannot delegate its respon-sibility for the consequences of unsound orimprudent policies and practices, whether theyinvolve lending, investing, protecting againstinternal fraud, or any other banking activity.
Duties and Responsibilities of Directors Effective date April 2013 Section 5000.1 Directors are placed in a position of trust by the bank’s shareholders, and …
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: