by Jay Brew & Michelle Gula
Through our field work with dozens of boards, we’re experiencing a new variety of board-management tug of war in this post-crisis atmosphere. What’s most troubling is that these destructive tensions are characteristic of healthy and struggling banks alike.
by Michelle Gula
Enterprise Risk Management (ERM) has been in different stages of evolution. The financial crisis of 2008/2009 changes ERM from a function pressed by the regulators to a strategic attribute for all community banks. ERM should be the risk “pulse” that contributes to the board and management team’s understanding of risk, setting risk parameters, the tactical solutions to control risk, and a more effective method of monitoring risk.
How do you justify adding social media to your marketing plan? It’s currently unquantifiable and relatively obscure. Plus, how do you find the resources to deploy the right tools?
by Jay Brew
Based on current thinking, we had a recession with three back-to-back quarters of negative GDP. It appears that GDP turned the corner within the second quarter of 2009, becoming positive for the last two quarters of the year. This suggests that the recession is over and that we can expect GDP to remain positive for many quarters to come.