2014 Directors Certification Program
Session 2: 4/15 in Newport Beach & 4/17 in Lafayette
If you missed Session 1 you can still get your Certification by puchasing the downloadable file recording of the first session.
Changes are looming for bank directors. Ongoing implementation of the Dodd-Frank Act has been a game changer for the banking industry and the boardroom. New governance, capital and investment rules come into play in 2014. Financial services regulation is changing rapidly and dramatically.
Bank directors can no longer risk passive internal oversight of their banks. The board has increased responsibility for actively overseeing management decisions and protecting shareholder value. An ambitious agenda of government regulation is being implemented and will impose further duties on bank directors. More thought must now be given to the suitability of products for bank customers to avoid unfair, deceptive or abusive act and practices liability. Also, mortgage lending is dramatically changing due to new regulations by the Consumer Financial Protection Bureau effective January 1, 2014.
The Directors Certification 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 recent 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 as what is expected of them by regulators, examiners and shareholders.
If you have not taken the Directors Certification Program full course in more than five years, you should definitely consider a refresher course to keep up with all the changes. Due to the significant changes in banking, DCP certifications will no longer be updated after 5 years unless the full course is retaken. Keep your certification and come back for the latest information critical to your bank’s success in this new era.
*Successful completion of both sessions is REQUIRED for certification.
Session 1 (choose downloadable file recording of the first session)
Session 2 (choose ONE)
Southern California: April 15, 2014
Newport Beach Marriott Hotel
900 Newport Center Drive
Newport Beach, CA 92660
A room block has been arranged with a rate of $159/night. To book online, please go to https://resweb.passkey.com/go/CBAsession2 or you may call the hotel directly at 877.622.3056.
Northern California: April 17, 2014
Lafayette Park Hotel
3287 Mount Diablo Blvd.
Lafayette, CA 94549
A room block has been arranged with a rate of $169/night.
The Directors Certification Program is designed for new directors, including directors new to banking, and experienced directors looking for a refresher on core director responsibilities and liabilities.
Successful completion of both sessions, either in-person or via the downloadable file recording of the training, is REQUIRED for certification.
Early-Bird Registration extended to February 17, 2014
CBA/BCG Member: $1,200*
Regular Registration after February 17, 2014
CBA/BCG Member: $1,350*
*Registration fees include both sessions. There is an additional $200 fee, per session, for the recorded webcast.
Substitutions are allowed, at no additional cost. Written notice is required for all cancellations/substitutions. If the request is received by February 17, 2014, the full registration fee will be refunded. If the request is received after February 17, a recorded webcast will be provided at an additional cost of $200. No refunds will be granted after February 17. Registrations made on or after February 17, are not subject to refund. (The option to purchase the downloadable file for an additional $200 per session will remain open after the refund cutoff dates.)
Led by Mark E. Aldrich, Esq. principal of Aldrich Bonnefin & Moore, PLC and founder of the Bankers’ Compliance Group, with Jim Lokey, chairman & CEO, Mission Community Bancorp and Bill Haraf, managing director, Promontory Financial Group, LLC and former commissioner of the Department of Financial Institutions, as the faculty of the program .
Continental breakfast and registration from 7:30 a.m. – 8:30 a.m. The general session runs 8:30 a.m. – 3:30 p.m. with lunch provided at noon.
SESSION 1 – BOARD STRUCTURE AND PROCESSES
Roles and Responsibilities of Directors
- Fiduciary duties and responsibilities
- Current risk management issues
- Duties under new federal programs
- Primary business responsibilities
- What examiners expect
- Recommended best practices
- Executive compensation trends
- The independence principle
- California corporate governance issues
- Board meetings
- Recommended committees
- Enterprise risk management
- Board/management relations
- Shareholder meetings and reports
- Securities matters
- Insider trading
- Mergers and acquisitions
SESSION 2 – CORPORATE & REGULATORY RESPONSIBILITIES
Insider and Affiliate Transactions
- Conflicts of interest
- Insider loans – Regulation O
- Affiliate transactions – Regulation W
Corporate Powers and Restrictions
- The Changing face of financial services regulation
- The Dodd-Frank Wall Street Reform and Consumer Protection Act
- Permissible activities
- New capital rules
- New investment rules
- New board responsibilities
- Consumer Financial Protection Bureau
- Annual review requirements
- Current compliance issues
Regulatory Exams and Enforcement
- Examination process
- Enforcement actions
- Prompt Corrective action
- Current examination trends
- Coming changes for directors
- Top ten risk management issues
What happens if I miss one of the sessions, can I still get my certification?
Downloadable audio files are available for purchase, the cost is $200 more than the live registration fee per session.
Are continuing education credits offered for this program?
5.5 MCLE or CPA/CPE credit hour are awarded for each session.