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Treasury brings a bit of sanity back to meetings decisions for TARP recipients

The meetings industry took a beating right along with financial institutions on whether bank and credit union meetings were a frivolous use of taxpayers or shareholder/members funds.

Fortunately, the Treasury Department has brought a measure of sanity back in its Executive Compensation Rules issued June 10, 2009.

If your financial institution’s Board of Directors has been concerned about planned meetings, here is a suggested board policy to address the issue.

For many of the banks I work with, the reduced budget for training and travel has been more of a constraint than public appearance of waste spending. But as the budgets loosen up, the guidance from Treasury and a good board policy should help.

About the Author
Linda Keith CPA is an expert in credit risk readiness and credit analysis. She trains banks and credit unions throughout the United States, both in-house and in open-enrollment sessions, on Tax Return and Financial Statement Analysis. She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans. Creator of the Tax Return Analysis Virtual Classroom at www.LendersOnlineTraining.com, she speaks at banking associations on risk management, lending and director finance topics.