The 2008 financial crisis raised important questions about the role of bank directors and officers. If they had been more diligent or honest, could we have avoided the crisis? Should they now be held personally responsible for bank losses? What can they do to prevent the next crisis? Join us as we explore these and other questions related to bank director and officer responsibilities.
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8:00 Continental Breakfast
8:30 – 8:45 Welcome & Introduction
Mark Brandon, Dean and Thomas E. McMillan Professor of Law, The University of Alabama School of Law
Julie Andersen Hill, Professor of Law, The University of Alabama School of Law
8:45 – 10:15 Professional Perspectives on Bank Director and Officer Ethics
Nobody understands the challenges facing bank directors and officers today better than those officers and directors. This panel of bankers will share advice for ethically managing a financial institution in this demanding economic and regulatory environment.
Kacey Bell, Chief Operating Officer, Alabama Credit Union
Preston Kennedy, President & CEO, Bank of Zachary
Hope Mehlman, Senior Vice President, Assistant General Counsel & Assistant Corporate Secretary, Regions Bank
Jerry Powell, Executive Vice President, General Counsel, & Secretary, Cadence Bank, NA
Benton E. Gup, Professor of Finance, Robert Hunt Cochrane/Alabama Bankers Chair, Culverhouse College of Commerce, University of Alabama
10:15 – 10:30 Break
10:30 – 12:00 Rethinking Bank Director and Officer Responsibilities
The Great Recession prompted questions about whether bank directors and officer were doing enough to oversee financial institutions and whether financial institutions were doing enough to meet consumer needs. This panel rethinks bank director and officer responsibilities giving particular attention to postal banking and the mortgage market.
Mehrsa Baradaran, J. Alton Hosch Associate Professor of Law, University of Georgia School of Law
Claire Hill, James L. Krusemark Chair in Law, University of Minnesota Law School
Chad J. Pomeroy, Professor, St. Mary’s University School of Law
Seletha Butler, Assistant Professor of Business Law and Ethics, Sheller College of Business, Georgia Institute of Technology
12:00 – 1:30 Lunch Break
1:30 – 2:30 The FDIC’s Influence on Bank Directors and Officers
The Federal Deposit Insurance Corporation (FDIC) has unique power to influence bank director and officer behavior. While a bank is operating, the FDIC has power to bring civil enforcement actions. Once a bank is closed, FDIC has the power to sue directors and officer for losses they caused the bank. This panel explores how the FDIC uses its power and analyzes its effectiveness.
Julie Andersen Hill, Professor, University of Alabama School of Law
Douglas K. Moll, Beirne, Maynard & Parsons, LLP Law Center Professor, University of Houston Law Center
Heidi Mandanis Schooner, Professor of Law, Columbus School of Law, The Catholic University of America
Commentary: Mirit Eyal-Cohen, Associate Professor, University of Alabama School of Law
2:30 – 2:45 Break
2:45 – 3:45 Managing Systemic and International Risks in Banking
The Great Recession emphasized that systemic risk can spread rapidly through our international banking system. This panel examines the unique corporate governance and regulatory concerns posed by globalization. It also provides strategies for addressing systemic risk.
Robert C. Hockett, Edward Cornell Professor of Law, Cornell Law School
Saule Omarova, Professor of Law, Cornell Law School
Andreas Rauterkus, Associate Professor of Finance, University of Alabama Birmingham.
3:45 – 4:00 Closing Remarks