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Michigan Credit Union League

Maximizing Supervisory Committee Communications: From the Board to the Examiners

In order to fulfill the critical responsibilities of the supervisory committee, it is essential that a vibrant line of communication be established and maintained with the board of directors. It is never enough for the committee to identify potential issues within the credit union, it is incumbent upon them to communicate those issues with the board of directors and follow up on their resolution.

During the Nov. 16 Maximizing Supervisory Committee Communications: From the Board to the Examiners webinar being presented by the Supervisory Committee Academy (TM), participants will review everything from preparing detailed minutes to creating specialized reports and requesting in-person meetings. The 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, lapses in internal controls are missed, financial irregularities are ignored and any issues could invite increased regulatory scrutiny or even litigation.
 

The webinar takes place from 2:00 p.m.-3:30 p.m. (ET) and is available for $249.

 
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2016-11-14 00:00:00