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These requirements include: Having in place systems, policies, practices and procedures, acceptable to the OCC, to ensure the safe and sound operation of Protego, all of which must be continuously reviewed by the board of directors; Obtaining adequate fidelity bond coverage; Applying for membership in the Federal Reserve System; Ensuring all other required regulatory approvals have been obtained; and Ownership of qualifying shares by Protego’s directors in accordance… [read post]
10 Apr 2020, 8:39 am by Dennis Crouch
Instead, the “direct supervision and control of each Bank is exercised by its board of directors. [read post]
28 May 2021, 6:01 am
Caremark Developments and the Imperative of Regular Risk Review Posted by William Savitt, Wachtell, Lipton, Rosen & Katz, on Friday, May 21, 2021 Tags: Board oversight, Boards of Directors, Caremark, Compliance & ethics, Director liability, Liability standards, Oversight, Risk, Risk disclosure, Risk oversight, Securities litigation Does Common Ownership Really Increase Firm Coordination? [read post]
17 Dec 2015, 4:55 am by Randi Morrison
This recent memo from New York’s State Department of Financial Services (NYDFS) to federal and state banking, securities and insurance regulators contains a robust list of potential new cybersecurity requirements that would apply to NY financial institutions – including a requirement to have a designated CISO responsible for (among other things) overseeing and implementing the organization’s cybersecurity program, enforcing its cybersecurity policy, and… [read post]
13 Jul 2007, 5:54 am
The court said that the board of directors must put the interest of the company and the enterprise connected therewith first. [read post]
19 Feb 2009, 2:06 am
She is a member of the United Way of Johnson County Board of Directors and Burleson Lions Club. [read post]
15 May 2023, 9:12 am by The Regulatory Review Staff
“Last year’s editorial board displayed tremendous dedication,” said Cary Coglianese, the faculty advisor to The Regulatory Review and the Director of the Penn Program on Regulation, which sponsors The Review. [read post]
18 Mar 2013, 2:25 pm by Larry Catá Backer
In September 2011, the ECGI organised an academic conference to identify the corporate governance research agenda of relevance to issues raised in these two Green Papers which addressed a common set of issues - shareholders, boards of directors, and gatekeepers (regulators, auditors, credit rating agencies, codes etc). [read post]
3 Nov 2021, 12:52 pm by Unknown
In addition, financial institutions will be required to designate a single qualified individual to oversee their information security program and report periodically to an organization’s board of directors, or a senior officer in charge of information security. [read post]
3 Nov 2021, 12:52 pm by Unknown
In addition, financial institutions will be required to designate a single qualified individual to oversee their information security program and report periodically to an organization’s board of directors, or a senior officer in charge of information security. [read post]
29 Oct 2007, 10:32 am
Your board of directors has ousted you as CEO of a big investment bank and you need a lawyer to negotiate the terms of an exit package that could exceed $160 million. [read post]
9 Jun 2017, 6:06 am
Brownback, Fried, Frank, Harris, Shriver & Jacobson LLP, on Sunday, June 4, 2017 Tags: Banks, Charter & bylaws, Compliance & ethics, Financial institutions, Financial regulation, Financial technology, New York, OCC, Securities litigation, Securities regulation, State law, U.S. federal courts On Long-Tenured Independent Directors Posted by Stefano Bonini, Stevens Institute of Technology, on Monday,… [read post]
14 Apr 2011, 3:00 pm
Within 120 days, the oversight committee shall produce a compliance progress report to the board of directors and submit a progress report within 30 days of each subsequent quarter. [read post]
8 Dec 2021, 6:08 am
The Federal Reserve Bank Board of Governors has recognized climate change as posing a systemic risk to the US financial system. [read post]
24 Mar 2021, 9:34 am by John Jascob
CII also expressed its support for a bill requiring disclosure of the composition of a company’s board of directors, its nominees for director positions, and executive officers. [read post]
18 Feb 2010, 8:00 am by J. Robert Brown
  In other words, officers and directors are kept in check by the banks, not the independent directors. [read post]
8 Jun 2017, 7:23 am by Tom Kosakowski
 He is very active with IOA as a speaker, instructor, and as a president of the board of directors. [read post]