11/2/17 - Federal Reserve Proposal Sets Out New Expectations for Boards of Directors
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11/2/17 - Federal Reserve Proposal Sets Out New Expectations for Boards of Directors

Financial regulators have highlighted the importance of an effective board of directors to a firm’s ongoing safety and soundness. To clarify requirements and supervisory expectations for boards of large banking organizations, the Federal Reserve has released a proposal titled “Proposed Guidance on Supervisory Expectation for Boards of Directors.” While the proposal is subject to change, the final version should be generally consistent with the version issued for public comment in August.

Please click “Read More” below to read a Sightlines InFocus by Julie Williams, William Lang, and Alan Michael that explains key elements of the Federal Reserve proposal and discusses how boards can prepare for the forthcoming guidance with strong, comprehensive self-assessments.

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