In the aftermath of the 2008 recession, the banking industry underwent dramatic changes at multiple levels. This has created new and significant challenges for the boards of directors serving this industry.
“Today’s boards are under more pressure than ever before,” said Christopher Gruseke, president and CEO at New Canaan-headquartered Bankwell. “It is management’s job to run the institution, but it is the board’s responsibility to make sure, on behalf of the shareholders, that management does its job. It’s not a small task to be bank director.”