FDIC Publication Focuses on Corporate Governance — 2016-04-05

The Federal Deposit Insurance Corporation (FDIC) on Tuesday issued a special edition of Supervisory st Insights, “A Community Bank Director’s Guide to Corporate Governance: 21 Century Reflections on the FDIC Pocket Guide for Directors.” This special corporate governance edition reviews the Pocket Guide and incorporates more recent guidance and technical resources to help board members effectively fulfill their role and duties. “The Pocket Guide, first issued in 1988, remains a valuable resource for information about the core responsibilities of bank directors, particularly directors of community banks,” Doreen R. Eberley, director of the FDIC’s Division of Risk Management Supervision, said. “However, all bank directors will benefit from the additional resources in this issue to help them remain current on corporate governance lessons and experiences of other bankers and supervisors.” The commentary highlights key governance concepts, roles, and responsibilities of directors and senior management, and discusses how FDIC examiners evaluate governance at community banks.