Why Director Training?

The first sentence in M. Scott Peck’s best selling book, The Road Less Traveled, states “Life is Difficult.” That proposition certainly applies to corporate bank directors today. There has been so much attention devoted to the structure and governance of boards that the essential role of directors may have been forgotten – to provide advice and oversight. This is more difficult than it sounds. Today’s directors must understand the bank’s strategy, business model, organization, regulatory requirements, and ethical standards. Gaining a sound working knowledge of those essential business activities requires a good deal of time and effort. To perform well, attending monthly meetings is not enough.

Download the PDF version of this article.