WEBINAR | Board of Directors Fiduciary Oversight and Education
Trust Governance / Committee Structure – Are You Evolving Your Oversight?
Objective: Educate Board and Management on the options for the development and evolution of the Trust governance structure.
The purpose of a committee structure within a Trust Organization is to provide an organized approach to common decisions and an efficient method of completing policy, compliance and risk management work in a coordinated manner while diversifying the management of the Trust Organization. This program addresses:
- The structure and proposed responsibilities for the types of committees found or needed in typical bank Trust Organizations.
- The benefit of diversification of the management of the Trust Organization beyond the Board of Directors by use of sub-committees such as the Trust Investment Committee and the Trust Administrative Committee which allows the Director’s Trust Committee to focus on the higher levels of strategic oversight direction.
- Using Subcommittee with participants comprised of highly competent staff members who work in subject matter areas on a daily basis are included in decision making and business monitoring functions creates efficiency and effectiveness.
- We outline the regulatory expectations and the realities of the business and provide a process to develop Committee Charters. These charters are primarily required for Board authorized committees but are also extremely useful to define the role of “internal” committees.
Consider this program if you have had the same static governance structure for years or decades while the department and its oversight needs has changed significantly. Or, Perhaps you have a new group of board members or Trust committee members who are questioning their roles and responsibilities? Or, Perhaps the issue of Trust governance structure was raised by the regulators?
