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review the following factors for Allegiance bank While some of the required information for an appropriate evaluation of management is not available to the general

image text in transcribedreview the following factors for Allegiance bank
While some of the required information for an appropriate evaluation of management is not available to the general public, you should still try to assess the management component by reviewing any evidence that you are able to locate about the following factors: . . The level and quality of oversight of all institution activities by the board of directors and management The ability of the board of directors and management, in their respective roles, to plan for, and respond to, risks that may arise from changing business conditions or the initiation of new activities or products The adequacy of, and conformance with, appropriate internal policies and controls The accuracy, timeliness, and effectiveness of management information systems The adequacy of audits and internal controls Compliance with laws and regulations Responsiveness to recommendations from auditors and supervisory authorities Management depth and succession The extent that the board of directors and management is affected by, or susceptible to dominant influence or concentration of authority Reasonableness of compensation policies and avoidance of self-dealing Demonstrated willingness to serve the legitimate banking needs of the community The overall performance of the institution and its risk profile . . . . While some of the required information for an appropriate evaluation of management is not available to the general public, you should still try to assess the management component by reviewing any evidence that you are able to locate about the following factors: . . The level and quality of oversight of all institution activities by the board of directors and management The ability of the board of directors and management, in their respective roles, to plan for, and respond to, risks that may arise from changing business conditions or the initiation of new activities or products The adequacy of, and conformance with, appropriate internal policies and controls The accuracy, timeliness, and effectiveness of management information systems The adequacy of audits and internal controls Compliance with laws and regulations Responsiveness to recommendations from auditors and supervisory authorities Management depth and succession The extent that the board of directors and management is affected by, or susceptible to dominant influence or concentration of authority Reasonableness of compensation policies and avoidance of self-dealing Demonstrated willingness to serve the legitimate banking needs of the community The overall performance of the institution and its risk profile

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