Duties and Responsibilities of Directors Comptrollers Handbook (section 501) - Softcover

Comptroller Of The Currency Administrator Of National Banks

 
9781502907684: Duties and Responsibilities of Directors Comptrollers Handbook (section 501)
Softcover
ISBN 10: 1502907682 ISBN 13: 9781502907684
Publisher: CreateSpace Independent Publishing Platform, 2014

Synopsis

Directors are placed in positions of trust by the bank’s shareholders, and both statute and common law place responsibility for the management of a bank firmly and squarely on the board of directors. The directors of a national bank may delegate the day-to-day routine of conducting the bank’s business to their officers and employees, but they cannot delegate their responsibility for the consequences of unsound or imprudent policies and practices whether it involves lending, investing, protecting against internal fraud, or any other banking activity. The directorate is responsible to its depositors and shareholders for safeguarding their interests through the lawful, informed, efficient, and able administration of the institution.

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Publisher
CreateSpace Independent Publishing Platform
Publication date
2014
Language
English
ISBN 10 
1502907682
ISBN 13 
9781502907684
Binding
Paperback
Number of pages
32