February 9, 2024

ICBA Corporate Governance Comment Letter

In a comment letter on the FDIC’s proposed corporate governance rule, ICBA said the proposed guidelines unnecessarily modify this existing framework and will make it extremely difficult for community banks of any size to retain and attract directors, officers and senior leaders or satisfy the FDIC’s heightened supervisory expectations for bank boards, senior management, business and front-line units, risk management teams and internal audit functions.