Western Independent Banker - November/December 2008 - (Page 12)

371184_Audit.indd 1 What’s your identify perceived performance shortcomings early, thus providing the director with the specific information needed to address those shortcomings. In cases where serious shortcomings persist, thus having a negative impact on board effectiveness, the director can be replaced through a process that is fair and objective and that has provided every opportunity for necessary improvement. Sample statements might include: “Maintains absolute confidentiality of information presented and discussed.” “Comes to all board and committee meetings well prepared and ready to make a meaningful contribution to discussions.” 3/3/08 11:41:58 AM The third approach, often used in conjunction with one or both of the document management n other methodologies, is individual objectives? interviews conducted by an outside professional. While considerably more We can help you achieve them! costly, the advantage is that each direcProﬁtability of Hawaii, a leading provider of imaging & ﬁ e tor is free to address issues of concern ﬁnancial software, virtual printing & digital conversion services can help you meet your goals. e that may not appear on a written survey Backed by 30+ years of experience, POH provides f customers with innovative and ﬂexible solutions for v and which he/she may feel more comcheck processing and document handling for both inc fortable discussing in a one on one situhouse and service bureau environments. POH offers integrated solutions for Check 21, check ation. Also, the outside professional can image exchange, IRD and image statement printing d including eStatement, check imaging, remote capture, e follow up in subsequent interviews on storage, display & research, image statements, s issues that surface early on. web presentment, items processing, and returns s processing. Our solutions help ﬁnancial institutions meet their ﬁnancial & customer service goals. ﬁ 14739 Catalina Street • San Leandro, California 94577 • 510-357-1400 • Fax: 510-357-1490 379787_Profitability.indd 1 7/7/08 Summary The effectiveness of the board of directors, and of each individual director, has an increasingly significant impact on a company’s ability to adapt proactively and strategically to change and to achieve consistent and sustained success. Board and/or director evalu9:49:58 AM ations are an extremely effective way to measure overall effectiveness and to identify specific opportunities for improvement. It is no wonder that they are a corporate governance “best practice.” Ca ss Bet tinger is president of Ca ss Bet tinger & Associate s. He will be speaking on this topic at the WIB/AABD Directors Conference on November 6-8. He can be reached at (239) 596-2890 or cassbettinger@gmail.com. Health savings accounts represent new deposits from a product that is increasingly demanded by your customers. With Sterling HSA® as your experienced partner in providing turnkey solutions, you can enter the HSA market quickly without expensive development and management costs. Many leading edge community banks nationwide offer HSAs. Shouldn’t you? For more information call Chris Bettner at 800-617-4729, ext. 225 or email at Chris.Bettner@SterlingHSA.com. Visit us at www.SterlingHSA.com. 12 396603_Sterling.indd 1 8/20/08 9:04:58 AM www.wib.org Western Independent Banker http://www.audit-one.com http://www.poh.com http://www.SterlingHSA.com http://www.wib.org

Table of Contents Feed for the Digital Edition of Western Independent Banker - November/December 2008

Western Independent Banker - November/December 2008 Contents A Message from the President & CEO A Practical Approach to Director Evaluations Director Assessment: New Standards for a High Performing Director The Best of the West: Traits of High Performing Banks Best Practices Checklist for the Audit Committee The Real Performance Metric: It Takes a Balance of Profitability and Growth to Be Successful The Role of the Board in a Credit Crisis A Bank Director's Obligation to Be Aware of Regulatory Change Benefits Tied to Performance Receive Higher Approval Rating by�Board Members Increasing Shareholder Value: Key Profitability Drivers Board Portals Streamline Efficiency for 21st Century WIB Service Corporation Report WIB Calendar Welcome New Members Index to Advertisers advertiser.com

Western Independent Banker - November/December 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.