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Welcome to this video for Board members on corporate governance. Our goal is to focus on what you, as a director or trustee, need to know about corporate governance, including your key responsibilities. In this video, well discuss the individual responsibilities of directors or trustees as they perform their roles. Well then provide an overview of corporate governance. Next, well discuss the main responsibilities of the Board as a whole, focusing on the key elements of effective corporate governance. Finally, well review some of the regulatory requirements as well as common questions the FDIC receives pertaining to this topic. Banks need strong corporate governance in order to operate safely and soundly, with high ethical standards, and in compliance with all laws and regulations, including those relating to consumer protection. Strong corporate governance is the foundation of safe-and- sound operations, and this foundation lies with individual Board members. In the broadest sense