American Association of Bank Directors

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AABD BOARD ASSESSMENT SERVICES

AABD's Board Assessment Services are designed to provide to Boards of banks and savings institutions an independent, experienced perspective on the effectiveness of individual boards of directors.

Our staff and experts will conduct a review of Board structures, practices, and policies and prepare a report identifying the Board's strengths and weaknesses.

There are no grades; there are comments and recommendations only. There is no singling out of individual directors or officers. The report is designed to be constructive, not destructive.

The review will be based on, among other things, the following:

A comprehensive questionnaire identifying existing corporate governance practices
A questionnaire on the attitudes of individual board members
Board reports, board packages, and minutes from a typical board meeting
Committee reports, committee packages, and minutes from typical committee meetings
Interviews with the CEO and at least one outside director, which can be offsite or by telephone

The report will consist of a summary of the bank's current corporate governance system and recommendations on how to improve the system. Although the report will no assess individual directors, it will assess the Board as a whole.

The report would be presented to the Board of Directors, with ample time to respond to any questions. The presentation can be in person or by conference call.

Any comments and suggestions by members of the Board will be incorporated into the final report.

The benefits of a Board corporate governance assessment include an independent, qualified third party review of the system in place, an honest assessment of how the system is working, and how it might be improved. Boards that retain qualified persons to conduct independent assessments of the Board are demonstrating their independence and willingness to explore ways in which the Board can improve its governance of their institutions.

AABD utilizes its experienced staff and/or outside bank and corporate governance consultants, including several members of AABD's Board of Advisors, to perform the study and prepare the report. There are substantial discounts to banks with AABD members. Please call David Baris, Executive Director of AABD at 301-263-9841 for more information.