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Michigan Credit Union League

Maximizing Supervisory Committee Communications Webinar Scheduled

In order to fulfill the critical responsibilities of the supervisory committee, it is essential that effective communication be established and maintained with the board of directors.

The upcoming webinar, Maximizing Supervisory Committee Communications: From the Board to the Examiners, will explain why it is never enough for the committee to just identify potential issues within the credit union, but rather why it is incumbent upon them to communicate those issues to the board of directors and follow up on their resolution.

From preparing detailed minutes to creating specialized reports and requesting in-person meetings, this session will explore both the technical requirements and practical insights of establishing and maintaining active communications. Without effective communications, the standard board governance model breaks down and lapses in internal controls are missed, financial irregularities are ignored and issues could invite increased regulatory scrutiny or even litigation.

The training is being offered by the Supervisory Committee Academy (TM) on Nov. 16, from 2-3:30 p.m. (ET). Well known industry consultant David Reed will facilitate the session, which is priced at $249.

 

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2016-10-17 00:00:00