Role of the Board Overview

August 9th, 2011
While bank directors have many responsibilities, their primary duty is to look after the interests of their company’s owners, be they shareholders in a publicly traded company, investors in a privately held company or customers in a mutual organization. Of course, directors in a publicly owned bank have a clearly defined fiduciary responsibility to shareholders that has been prescribed by law. It is not the appropriate role of the board to...

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Jack Milligan is editor-in-chief of Bank Director, an information resource for directors and officers of financial companies. You can connect with Jack on LinkedIn or follow @BankDirectorEd on Twitter.