Security Officer Reports to the Board: Timing, Contents & Requirements

The Bank Protection Act requires the security officer to report annually to the board on the “implementation, administration, and effectiveness of the security program.” As financial institutions downsize or right-size, danger in the security area increases. Many are satisfied if regulators don’t take issue with the board report or the security program. However, don’t wait for a lawsuit against the security officer, management, and the board (both jointly and individually) to discover your report was missing key items. Information that could help during litigation is very different than what regulators examine for compliance. Be aware that the report is not just for the board – a much larger audience will review it if something goes wrong.

This webinar will review best practices relating to training, inspections, and reporting foreseeable events. Learn how the annual written report should be prepared, presented, and reported. Security officers and board members will garner valuable resources that can provide statistics, facts, and information to reduce liability.