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New Rules in 2011 For Financial Literacy and For Fiduciary Liability –  Board Members Be Ready   Virginia Credit Union League
New Rules in 2011 For Financial Literacy and For Fiduciary Liability –  Board Members Be Ready   Virginia Credit Union League
Today’s Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of Corporate Governance ,[object Object],[object Object],[object Object]
Federal Credit Union Act ,[object Object],[object Object]
What if you breach? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Indemnification ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Indemnification 12 CFR 701.33 ,[object Object],[object Object],[object Object],[object Object]
Directors are Responsible for General Direction and Control of the Credit Union ,[object Object],[object Object],[object Object],[object Object],[object Object]
 
A Framework for Meeting the New Expectations
 
NCUA’s Fiduciary Duties Regulation
Overview of Rule ,[object Object],[object Object],[object Object]
Fiduciary Duties ,[object Object],[object Object],[object Object],[object Object],[object Object]
 
Fiduciary Duties Thumbnail Sketch ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fiduciary Duties 12 CFR 701.4 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fiduciary Duties 12 CFR 701.4 ,[object Object],[object Object],[object Object],[object Object]
Fiduciary Duties 12 CFR 701.4 Outside Staff and Consultants ,[object Object],[object Object],[object Object]
Director and Staff Involvement ,[object Object],[object Object],[object Object],[object Object]
NCUA Discussion ,[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object]
[object Object],Financial Literacy
Fiduciary Duties 12 CFR 701.4 ,[object Object],[object Object],[object Object]
Financial Literacy Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Minimum Standard ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Minimum Standard ,[object Object]
Identify the Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],Financial Literacy
What Does the Policy Have to Look Like? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Give Them a Policy! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Training ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fiduciary Duties Thumbnail Sketch ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Board Composition and Governance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Board Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Parting Thoughts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Minimum Standard ,[object Object]
Panel ,[object Object],[object Object],[object Object]
E. Andrew Keeney, Esq. Kaufman & Canoles, P.C. 150 West Main Street, Suite 2100 Norfolk, VA 23510 (757) 624-3153 [email_address]
New Rules in 2011 For Financial Literacy and For Fiduciary Liability –  Board Members Be Ready   Virginia Credit Union League

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New Rules in 2011 for Financial Literacy and For Fiduciary Liability

  • 1. New Rules in 2011 For Financial Literacy and For Fiduciary Liability – Board Members Be Ready Virginia Credit Union League
  • 2. New Rules in 2011 For Financial Literacy and For Fiduciary Liability – Board Members Be Ready Virginia Credit Union League
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  • 17. A Framework for Meeting the New Expectations
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  • 46. E. Andrew Keeney, Esq. Kaufman & Canoles, P.C. 150 West Main Street, Suite 2100 Norfolk, VA 23510 (757) 624-3153 [email_address]
  • 47. New Rules in 2011 For Financial Literacy and For Fiduciary Liability – Board Members Be Ready Virginia Credit Union League