Stites & Harbison, PLLC

This day-long seminar is designed to increase bank directors' knowledge and understanding of key issues affecting the banking industry and to make them more aware of their responsibilities as directors.

What will be covered:

IT Risks & Concerns - Technology issues the board needs to be aware of so they can inquire and understand what their bank is doing to mitigate risk, including:  Internet banking/mobile banking, Social networking/social engineering/online fraud, Information security/Gramm-Leach-Bliley Act, Vendor management/third party outsourcing/cloud computing, Risk assessment/management and incident response

Loan and Related-Party Fraud - Explanation of the most typical fraud schemes, the most likely perpetrators, ways to reduce the bank’s risk, and what the board needs to do if it happens

Directors’ Responsibilities and Liability - An overview of the legal duties and responsibilities of bank directors, regulatory expectations of directors, protecting directors in an environment of increasing risk, recent trends in enforcement actions involving bank directors and duties of directors in M&A transactions.

Bank Valuations - What is your bank worth? An overview of recent bank valuation trends and factors affecting value. Valuation has implications for accounting, taxation, mergers, acquisitions, divestitures and the sale of securities, both in initial offerings and in the secondary market. As a result, familiarity with bank valuation and the manner in which banks create and express value to shareholders and others is important. A timely topic for bank directors and officers.

Key Accounting Issues on the Horizon - Including, but not limited to new troubled debt restructuring rules, the FASB-proposed new model for loan impairment, and an update on the status of international accounting standards

Update from Kentucky Department of Financial Institutions by Commissioner Charles A. Vice and Deputy Commissioner Ambrose Wilson.

Click here to register and for more information.

Click here to see seminar brochure.

Speaker:

C. Craig Bradley, Jr. is a member in the Louisville office of Stites & Harbison, PLLC. He has practiced law for more than 30 years and is a member of the firm’s Business & Corporate Services Group. His practice focuses on securities and corporate finance, merger and acquisitions and corporate governance. He has extensive experience advising management and boards of directors on corporate governance, especially compliance with the Sarbanes-Oxley Act and more recently, the Dodd-Frank Act.