With several of the largest banks experiencing ethical scandals in recent years, Bank Director digital magazine set out to interview Terry Strange, the audit and compliance committee chair at BBVA Compass Bancshares, the $86.7 billion institution based in Houston. As a former vice chair and managing partner of the U.S. audit practice to KPMG, LLP, he is uniquely qualified to talk about how bank board members can assess the culture of their organization and look for red flags.
He discusses with Naomi Snyder, editor of Bank Director digital magazine:
- The importance of integrity.
- Red flags that you have an ethical problem.
- What he would have asked Wells Fargo & Co. management.