Directors Certification Program
Passive internal oversight by the boards of directors across the financial sector has been called one of the chief factors in the current financial crisis. Boards have the responsibility for overseeing management decisions and protecting shareholder value. An ambitious agenda of government regulation will do little to avoid another crisis if directors are not fully prepared for the challenges the future holds.
Now in its eighth year, the Directors Certification Program is the most comprehensive director training program offered in California. The program was developed as a collaborative effort between the California Bankers Association and the Bankers' Compliance Group, Inc (BCG). It is updated every year to reflect the most decent developments and legislation to include the new risks and responsibilities bank directors are faced with.
The two-session program, delivered on two separate days and available in two locations, covers not only the regulatory and fiduciary responsibilities of bank directors but also board structures and processes, and focuses on what makes boards and directors effective as well what is expected of them by regulators, examiners and shareholders.
To receive certification, directors must attend both sessions or complete the one session via CD training.
Who Should Attend: The Directors Certification Program is designed for new directors, including de novo directors, directors new to banking, and experienced directors looking for a refresher on core director responsibilities and liabilities.
Dates & Locations
TBD:
Registration
Regular Registration (for both sessions)
CBA Member $1190 | Non-Member $1390
Scheduled Speakers
Lead by Mark E. Aldrich, principal of Aldrich, Bonnefin & Moore, P.L.C. and founder of the Bankers Compliance Group, the faculty for DCP will include experienced bank directors and former regulators and bank executives:
- Rosie Oda, counsel, Pillsbury, Winthrop, Shaw Pittman LLC and Director, Chevron Federal Credit Union
- Charles D. Kenny, retired CEO, The Private Bank of California and Director, California General Bank and Plaza Bank
Agenda
Continental breakfast & registration 7:30am - 8:30am; general session 8:30am - 3:30pm. Lunch is provided at noon.
SESSION 1 - BOARD STRUCTURE AND PROCESSES
Roles and Responsibilities of Directors
- Fiduciary Duties and Responsibilities
- New Risks Presented by the Recession
- Duties under New Federal Programs
- What Examiners Expect
Corporate Governance
- Recommended Best Practices
- New Executive Compensation Trends
- The Independence Principle
Board Processes
- Board/Management Relations
- Board Meetings
- Recommended Committees
Shareholder Relations
- Shareholder Meetings and Reports
- Securities Matters
- Insider Trading
SESSION 2 – CORPORATE & REGULATORY RESPONSIBILITIES
Insider and Affiliate Transactions
- Conflicts of Interest
- Regulation O
- Regulation W
Corporate Powers and Restrictions
- Impact of Federal Banking Reform
- Permissible Activities
- Indemnification and Insurance
Regulatory Compliance
- New Responsibilities
- Consumer Financial Protection Agency
- Annual Review Requirements
Regulatory Exams and Enforcement
- Examination Process
- Enforcement Actions
- Prompt Corrective Action
- Survival Strategies
FAQs
What happens if I miss one of the sessions, can I still get my certification?
Yes, you can. Audio CDs are available for both sessions.
Are continuing education credits offered for this program?
Yes, they are. 5.5 MCLE or CPA/CPE credit hour are awarded for each session.
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