ABA Banking Journal - December 2008 - (Page 20)

Community Banking Pass the Aspirin: Charitable donations in a recession p. 22 Will downturn yield workforce bonus in lending? p. 22 When your board needs a director who’s a special fit If local candidates won’t suffice, several services can help find who you need or many community banks, all the directors they’ll ever want or need can be found right in town. Various factors, however, can cause the bank to look beyond the “usual suspects.” In recent years, one of the most common needs has been for publicly owned institutions—and those emulating the requirements of public firms as a “best practice”—to find and bring aboard a “financial expert,” as defined in the Sarbanes-Oxley Act, says Alan J. Kaplan, president and CEO, Kaplan Associates, Inc. (search@kasearch.com). He’s a former banker whose recruiting firm specializes in searches for bank officers and board members. Kaplan says there are other goals beyond SOX. “When you see boards reach outside for new directors, they are looking for a partic- F By Steve Cocheo, executive editor ular skill set,” says Kaplan. Sometimes when banks pass some threshold—e.g., $1 billion in assets—the board’s role begins evolving and directors feel the need for talent that can’t be found locally. Kaplan says two common types he’s engaged for are IT and marketing experts. (On occasion, regulators may order a bank to beef up its board with skills that current directors lack.) Where can bankers and their boards’ nominating committees find such new blood of the right types? Some work their own contacts, but others seek out firms like Kaplan’s. (He charges fees based on a multiple of the board fees that will be earned by the prospective director.) Another “live” source is the American Association of Bank Directors. David Baris, executive director of the association, says AABD periodically assists institutions to find experts from among its members and contacts (dbaris@ aabd.org). This assistance is free to banks whose directors are AABD members ($695 per year for the entire board). Besides these choices, there are relatively new services accessed in part or completely through the web. We examined three. One caveat: Choosing a director over the internet is not like buying a book. “You don’t get them in two days with free shipping,” quips Peter Gleason of the National Association of Corporate Directors. NACD Directors Registry Directors Registry, available from NACD, at www.nacdonline.org/registry, is an outgrowth of the organization’s old director recruitment database, says Gleason, NACD managing director and CFO. “We have many members which are small and midsized companies, and they just don’t have the resources to pay the search fees to find directors,” says Gleason. For a time the old database served well Subscribe at www.ababj.com 20 DECEMBER 2008/ABA BANKING JOURNAL http://www.nacdonline.org/registry http://www.aabd.org http://www.aabd.org http://www.ababj.com

Table of Contents for the Digital Edition of ABA Banking Journal - December 2008

ABA Banking Journal - December 2008
Contents
Editor’s Column
Cover Story
ABA Resources
ABA Chairman’s Position
Community Banking
Pass the Aspirin
The Bank that Hates "Customers"
"Ivan the Terrible"Wreaks Havoc, but Adds New Business Line
New Twist on Philanthropy:the "Second-Chance" Account
Risk Management
Tech Topics
Webnotes
Compliance Clinic
MailBox
Banker’s Mart
To Advertise/Index of Advertisers
The Economy

ABA Banking Journal - December 2008

http://www.nxtbook.com/naylor/BAKS/BAKS0515
http://www.nxtbook.com/naylor/BAKS/BAKS0415
http://www.nxtbook.com/naylor/BAKS/BAKS0315
http://www.nxtbook.com/naylor/BAKS2/BAKS1014
http://www.nxtbook.com/naylor/BAKS2/BAKS0914
http://www.nxtbook.com/naylor/BAKS2/BAKS0814
http://www.nxtbook.com/naylor/BAKS2/BAKS0714
http://www.nxtbook.com/naylor/BAKS2/BAKS0614
http://www.nxtbook.com/naylor/BAKS2/BAKS0514
http://www.nxtbook.com/naylor/BAKS2/BAKS0414
http://www.nxtbook.com/naylor/BAKS2/BAKS0314
http://www.nxtbook.com/naylor/BAKS2/BAKS0214
http://www.nxtbook.com/naylor/BAKS2/BAKS0114
http://www.nxtbook.com/naylor/BAKS2/BAKS1213
http://www.nxtbook.com/naylor/BAKS2/BAKS1113
http://www.nxtbook.com/naylor/BAKS2/BAKS1013
http://www.nxtbook.com/naylor/BAKS2/BAKS0913
http://www.nxtbook.com/naylor/BAKS2/BAKS0813
http://www.nxtbook.com/naylor/BAKS2/BAKS0713
http://www.nxtbook.com/naylor/BAKS2/BAKS0613
http://www.nxtbook.com/naylor/BAKS2/BAKS0513
http://www.nxtbook.com/naylor/BAKS2/BAKS0413
http://www.nxtbook.com/naylor/BAKS2/BAKS0313
http://www.nxtbook.com/naylor/BAKS2/BAKS0213
http://www.nxtbook.com/naylor/BAKS2/BAKS0113
http://www.nxtbook.com/naylor/BAKS2/BAKS1212
http://www.nxtbook.com/naylor/BAKS2/BAKS1112
http://www.nxtbook.com/naylor/BAKS2/BAKS1012
http://www.nxtbook.com/naylor/BAKS2/BAKS0912
http://www.nxtbook.com/naylor/BAKS2/BAKS0812
http://www.nxtbook.com/naylor/BAKS2/BAKS0712
http://www.nxtbook.com/naylor/BAKS2/BAKS0612
http://www.nxtbook.com/naylor/BAKS2/BAKS0512
http://www.nxtbook.com/naylor/BAKS2/BAKS0412
http://www.nxtbook.com/naylor/BAKS2/BAKS0312
http://www.nxtbook.com/naylor/BAKS2/BAKS0212
http://www.nxtbook.com/naylor/BAKS2/BAKS0112
http://www.nxtbook.com/naylor/BAKS2/BAKS1211
http://www.nxtbook.com/naylor/BAKS2/BAKS1111
http://www.nxtbook.com/naylor/BAKS2/BAKS1011
http://www.nxtbook.com/naylor/BAKS2/BAKS0911
http://www.nxtbook.com/naylor/BAKS2/BAKS0811
http://www.nxtbook.com/naylor/BAKS2/BAKS0711
http://www.nxtbook.com/naylor/BAKS2/BAKS0611
http://www.nxtbook.com/naylor/BAKS2/BAKS0511
http://www.nxtbook.com/naylor/BAKS2/BAKS0411
http://www.nxtbook.com/naylor/BAKS2/BAKS0311
http://www.nxtbook.com/naylor/BAKS2/BAKS0211
http://www.nxtbook.com/naylor/BAKS2/BAKS0111
http://www.nxtbook.com/naylor/BAKS2/BAKS1210
http://www.nxtbook.com/naylor/BAKS2/BAKS1110
http://www.nxtbook.com/naylor/BAKS2/BAKS1010
http://www.nxtbook.com/naylor/BAKS2/BAKS0910
http://www.nxtbook.com/naylor/BAKS2/BAKS0810
http://www.nxtbook.com/nxtbooks/sb/ababj0710
http://www.nxtbook.com/nxtbooks/sb/ababj0610
http://www.nxtbook.com/nxtbooks/sb/ababj0510
http://www.nxtbook.com/nxtbooks/sb/ababj0410
http://www.nxtbook.com/nxtbooks/sb/ababj0310
http://www.nxtbook.com/nxtbooks/sb/ababj0210
http://www.nxtbook.com/nxtbooks/sb/ababj0110
http://www.nxtbook.com/nxtbooks/sb/ababj1209
http://www.nxtbook.com/nxtbooks/sb/ababj1109
http://www.nxtbook.com/nxtbooks/sb/ababj1009
http://www.nxtbook.com/nxtbooks/sb/ababj0909
http://www.nxtbook.com/nxtbooks/sb/ababj0809
http://www.nxtbook.com/nxtbooks/sb/ababj0709
http://www.nxtbook.com/nxtbooks/sb/ababj0609
http://www.nxtbook.com/nxtbooks/sb/ababj0509
http://www.nxtbook.com/nxtbooks/sb/ababj0409
http://www.nxtbook.com/nxtbooks/sb/ababj0309
http://www.nxtbook.com/nxtbooks/sb/ababj0209
http://www.nxtbook.com/nxtbooks/sb/ababj0109
http://www.nxtbook.com/nxtbooks/sb/ababj1208
http://www.nxtbook.com/nxtbooks/sb/ababj1108
http://www.nxtbook.com/nxtbooks/sb/ababj1008
http://www.nxtbook.com/nxtbooks/sb/ababj0908
http://www.nxtbook.com/nxtbooks/sb/ababj0808
http://www.nxtbook.com/nxtbooks/sb/ababj0708
http://www.nxtbook.com/nxtbooks/sb/ababj0608
http://www.nxtbook.com/nxtbooks/sb/ababj0508
http://www.nxtbook.com/nxtbooks/sb/ababj0408
http://www.nxtbook.com/nxtbooks/sb/ababj0308
http://www.nxtbook.com/nxtbooks/sb/ababj0208
http://www.nxtbook.com/nxtbooks/sb/ababj-compsurv08
http://www.nxtbook.com/nxtbooks/sb/ababj0108
http://www.nxtbook.com/nxtbooks/sb/ababj1207
http://www.nxtbook.com/nxtbooks/sb/ababj1107
http://www.nxtbook.com/nxtbooks/sb/ababj1007
http://www.nxtbook.com/nxtbooks/sb/ababj0907
http://www.nxtbook.com/nxtbooks/sb/ababj0807
http://www.nxtbook.com/nxtbooks/sb/ababj0707
http://www.nxtbook.com/nxtbooks/sb/ababj0607
http://www.nxtbook.com/nxtbooks/sb/ababj-jackhenry
http://www.nxtbook.com/nxtbooks/sb/ababj0507
http://www.nxtbook.com/nxtbooks/sb/ababj0407
http://www.nxtbook.com/nxtbooks/sb/ababj0307
http://www.nxtbook.com/nxtbooks/sb/ababj-compsurv07
http://www.nxtbook.com/nxtbooks/sb/ababj0207
http://www.nxtbook.com/nxtbooks/sb/ababj0107
http://www.nxtbook.com/nxtbooks/sb/ababj1206
http://www.nxtbook.com/nxtbooks/sb/ababjcompsurv2006
http://www.nxtbookMEDIA.com