Do your directors understand the risk of redlining in your organization? The truth is, directors often aren’t bankers and their time and energy in board meetings are often pulled a number of different ways. Yet, it’s their responsibility to oversee and manage high-risk areas of the organization, like redlining. To do this effectively, directors must have a thorough understanding of redlining risk and how it applies to your organization. Otherwise, your financial institution could run the risk of a complaint from the regulators, a consent order, huge fines, and significant reputational risk.
Our Redlining Training for the Board of Directors is designed to provide your directors with what they need to know about redlining. The topic of redlining can often be confusing or overwhelming, so we have done our best to present the program in a way that directors will understand how redlining applies to them and your organization. Our program begins with an overview of redlining and includes a number of visual case studies to help your directors fully understand the complicated topic of redlining. Then, our program concludes with a discussion of the key redlining issues examiners have identified and a list of mitigation strategies that could be utilized to mitigate redlining risk.
Our Redlining Training for the Board of Directors is presented with a “bottom line” approach, keeping the training as short and to the point as possible while also ensuring that the complex topic of redlining. The entire program runs 33 minutes and our on-demand training video can be delivered through a private portal that allows directors to view the training at a time that is convenient for them, outside of the board meeting. (You will also have the option to play the video during your board meeting if you prefer the training to occur during your actual meeting.
This program would be good for financial institutions who want to ensure their directors understand the topic of redlining and how it could affect their financial institution.
NOTE: There are multiple ways for us to deliver this video program to your directors - including an option for a private portal for your directors to easily access - so let us know if you have questions.
Class Pricing
Regular Price: $399
Demo Available: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can set you up with preview access.