How to Preempt Compliance Challenges

It’s only a matter of time; your organization will receive a compliance challenge from regulators of credit unions -OR- nonpofit accreditation agencies; maybe even the IRS following a form 990.

In this session, explore the ways to ensure success and all the while build a brick wall defense against a compliance challenge. You may feel that the intensified scrutiny on boards is somewhere far away and not likely to strike your board; can you take that risk?

Many of us image how much simpler life was a Century ago and wish we could live back then. In this Century we live nearly in a state of constant chaos. We take energy drinks to get through the day  and something to calm us down so we can sleep at night. The world is a complex place and the pace of life and change takes its toll physically and mentally. Can Board work buck that trend and, instead of being another example of fear and doubt, become a respite, a sanctuary of calm deliberation and common purpose? That’s a worthy goal, and possible.

Complexity slows decision making because we may think that detail equals diligence. Are missed opportunities and lost market share due to slow decision making a reflection of diligence? There are legitimate and secure ways to lead and succeed.

After this session participants will:

• Understand the essential requirements of, and changes in, Board duties and legal responsibilities.
• Know how to delegate legally to their Executives and maintain oversight.
• Be able to maintain Executive accountability withou micromanaging and folderol.
• Understand key U.S. Supreme Court cases – what it said about boards a Century before Enron.
• See where a board lands in the ends v. means debate.
• Understand fiduciary duties — have interpretations changed or just how directors and boards deliver on them?
• Be able to ”CYA” because, you’re not paranoid; they really are out to get you.

Just one of several topics found at www.danclark.com

 Program Length — 1 to 1.5 hours

 Primary Audience — Directors, advisory board members, supervisory/audit committee members, CEOs, compliance officers