The financial institution directors duties and responsibilities foreword this booklet compiled by the nebraska department of banking and finance department is intended to aid members of the board of directors of a financial institution to better understand their duties and responsibilities. Responsibilities for a companys activity the directors are ultimately responsible for the management of the company financial difficulty and investigations if a company is insolvent or in financial difficulty directors have additional duties breach of responsibilities directors are subject to a variety of sanctions for breach of their duties. These include the pocket guide for directors fdic 1988 the directors book occ 1987 and fhlbb memorandum no r 62 reprinted at 52 fed reg 22682 1987 see also the directors guide the role and responsibilities of a savings institution director fhlb sf 1988 go back to text. Financial institutions 76 81 directors of banks 76 82 directors of insurance companies 80 9 contact information 81 transfer the liability of the director imposed by this act onto such employee nor can a director blindly risk duties of directors and. Directors duties and responsibilities 15 oct 2018 this includes the preparation of a balance sheet and a profit and loss account for each financial period of the company and the presentation of these to shareholders and subject to various exemptions the filing of the accounts and report of the directors with the registrar of companies
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