CEO & Board University
June 7, 2011 8:30am - 1:30pm
As part of our ongoing commitment to contribute to the education of the industry's leaders, Wolf & Company is presenting the latest offering in our CEO & Board University Program. This timely half-day program, originally created exclusively for our clients, is now open to the Boards of all local Community Institutions.
This year's program will be held on June 7th in Framingham, MA. Additional details are listed below, and are also available at www.wolfandco.com/university11. We hope you will join us--please use the registration links below.
2011 CEO & Board University
$350 per ticket*
*When registering, Wolf & Company clients should use the discount code received previously via email and mail.
June 7 - Framingham, MA
REGISTER for MA
8:30 - 9:00 Registration
9:00 - 9:50 Welcome & Keynote
Capital Adequacy in Today's Banking Environment
9:50 - 10:00 Break
10:00 - 11:00 Concurrent Sessions I (4)
Current Issues: Audit Committee Focus
Board Training: The Evolving Duties and Responsibilities of Directors and Trustees
Regulatory Expectations for A/L and Liquidity Risk Management: Focus on top Executive and Director responsibilities
The Importance of Board Interaction with the Chief Risk Officer
11:00 - 11:15 Break
11:15 - 12:15 Concurrent Sessions II (4)
Evolving Compensation Practices for Bank Executives and Directors
Credit Risk Oversight by Directors in Today’s Business and Regulatory Environment
Board Diversity: Don't be left behind
12:15 - 1:30 Lunch & CEO Perspectives Panel
Cape Cod 5 - Dorothy Savarese
Eastern Bank - Richard Holbrook
East Boston Savings Bank - Richard Gavegnano
Keynote - Capital Adequacy in Today’s Banking Environment
Peter J. Ostrowski, Managing Director – Ostrowski & Company, Inc.
Determining capital adequacy is an evolving process. The presentation will provide an overview of today’s banking environment, including the economy, financial markets and regulatory changes, and their impact on the definition and measurement of capital adequacy.
Session IA - Current Issues: Audit Committee Focus
Jean Joy, CPA and Member of the Firm – Wolf & Company
Accounting, auditing and financial reporting issues seemingly become more complex each year. Jean Joy, Director of Professional Practice for Wolf & Company, works with several audit clients and recently completed her role as chair of the AICPA’s Depository Institutions Expert Panel. In this session, Jean will address significant issues in today’s environment that require Audit Committee focus.
Session IB - Board Training: The Evolving Duties and Responsibilities of Directors and Trustees
Ken Ehrlich, Partner – Nutter McClennen & Fish LLP
We will review the basic duties and responsibilities of Directors and Trustees, including the ways in which those duties are evolving, with a focus on best practices.
Session IC - Regulatory Expectations for A/L and Liquidity Risk Management: Focus on Top Executive and Director Responsibilities
Ryan A. Henley CFA, Managing Director – Sterne Agee & Leach, Inc.
With renewed regulatory emphasis on executive and director level responsibility for asset-liability and liquidity risk management, there is a more clearly defined set of expectations for institutions relating to management, measurement and documentation of these risks. A comprehensive review of these guidelines followed by an exploration of the practical application is appropriate. This will include a discussion of policy and reporting expectations, cash flow projections and stress testing requirements. Finally, the session will list key questions that should be examined in order to extract greatest utility from the modeling functions.
Session ID - The Importance of Board Interaction with the Chief Risk Officer
Stephen R. King, JD, AMLP, Member of the Firm, Regulatory Compliance Services – Wolf & Company
It is more important than ever to make sure that lines of communication between a board and the chief risk officer are open and productive. Our experts will present and discuss the responsibilities, expectations, and communication best practices to ensure that the relationship between your board and the chief risk officer is mutually beneficial.
Session IIA - Regulatory Update
John Skarin, Director, Federal Regulatory & Legislative Policy – MA Bankers Association
The presentation will cover major aspects of the Dodd-Frank Act that will have a significant impact on community institutions. It will also provide information on upcoming regulatory rulemakings and an overview of the current environment in Washington & Beacon Hill as it relates to banking and financial services policy.
Session IIB - Evolving Compensation Practices for Bank Executives and Directors
Arthur Warren, Esq. Compensation Consultant – Arthur Warren Associates
Throughout 2011, members of Bank Boards and Compensation Committees will face the continuing evolution of new rules and responsibilities relating to pay practices and risk monitoring required by Dodd-Frank as well as joint FRB, FDIC, OCC and OTS guidance. All Banks must look ahead to heightened regulatory Safety & Soundness Exam review of the Bank’s compensation governance, pay practices and incentive programs encouraging risk.
Contemporaneously, pay program designs are changing in order to attract, retain and motivate skilled executives and directors.Each Bank's Board of Directors must critically evaluate executive and director compensation practices and policies in order to comply with inescapable guidelines. This session will provide a reliable list of do’s and don’ts to assist directors with regulatory compliant compensation practices and will identify important executive and director compensation plan design trends.
Session IIC - Credit Risk Oversight by Directors in Today’s Business and Regulatory Environment
June 7 - Jim Chaston, President – Chaston Associates
Presentation and discussion topics will include loan quality indicators, risk management of problem loans, monitoring and adjusting credit concentrations, business development initiatives and risk appetites as well as tools frequently observed regarding portfolio oversight at the Director level. Regulatory expectations as viewed from the senior management and Director levels by our clients will be integral to the discussion.
Session IID - Board Diversity: Don't be left behind
June 7 – Stephanie Sonnabend, CEO - Sonesta International Hotels and Co-founder and Chair - 2020 Women on Boards
The benefits of gender and racial Board diversification are compelling. Consider, for example, the following: On average, companies with the highest percentages of women directors far outperform those with the lowest. Return on invested capital is 66% higher; return on equity is 53% higher; and return on sales is 42% higher, according to Catalyst’s The Bottom Line: Corporate Performance and Women’s Representation on Boards”. This and other data is emerging that illustrate measurable benefits and shareholder value driven by Board diversification. Those who do not prioritize Board diversity may likely be at a competitive disadvantage. Increase your awareness. Don’t get left behind.