| Duties and Responsibilitis of Directors: Comptroller's Handbook (Section 501) Contributor(s): Comptroller of the Currency Administrato (Author) |
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ISBN: 1503311546 ISBN-13: 9781503311541 Publisher: Createspace Independent Publishing Platform OUR PRICE: $12.83 Product Type: Paperback Published: January 2015 |
| Additional Information |
| BISAC Categories: - Reference |
| Physical Information: 0.07" H x 8.5" W x 11" (0.23 lbs) 34 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Directors are placed in positions of trust by the bank's shareholders, and bothstatute and common law place responsibility for the management of a bankfirmly and squarely on the board of directors. The directors of a national bankmay delegate the day-to-day routine of conducting the bank's business to theirofficers and employees, but they cannot delegate their responsibility for theconsequences of unsound or imprudent policies and practices whether itinvolves lending, investing, protecting against internal fraud, or any otherbanking activity. The directorate is responsible to its depositors andshareholders for safeguarding their interests through the lawful, informed, efficient, and able administration of the institution |
