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KYW Career News Reports, January 27, 2019


Why Directors Should Not Fear Board Evaluations

In governance circles today, the conversations about board performance continue to advance.

<To view the Article in its published format, click here:  Why Directors Should Not Fear Board Evaluations >

Governance advocates, proxy advisors and institutional investors encourage varying approaches to evaluating directors, assessing board effectiveness, and raising the bar on expectations for director contributions and performance.

Many community bank directors, however, are reticent to go down the board assessment path, fearing that the process will somehow result in their removal from the bank’s board. The goal of any evaluation, however, should not necessarily be to weed out directors, but rather to highlight areas for board and director improvement, and encourage continual forward movement on good governance.

In our view, there are three general types, or levels, of board evaluation to consider:

Level 1: A general assessment of the board overall and how the group is functioning. This evaluation might include areas such as:
 Do we have the right committee structure, leadership and meeting frequency?
 Are we as a board focusing our time on the correct and critical topics?
 Do we have an appropriate and valuable range of skills and experiences around the board table to govern effectively in today’s industry climate?

<To read the Article in its published format, click here: Why Directors Should Not Fear Board Evaluations >

Alan J. Kaplan is Founder & CEO of Kaplan Partners, a retained executive search and talent advisory firm headquartered in suburban Philadelphia. Kaplan Partners is the country’s only talent advisory firm member of both the ABA and ICBA, as well as a longstanding partner of Bank Director. You can reach Alan at 610-642-5644 or

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Meridian Bank Taps Mortgage Leader

January 2, 2019 – Alex Shreeve has joined Meridian Bank (NASDAQ: MRBK) as the new Senior Vice President and Director of Mortgage Operations. Meridian is a $1B asset financial institution headquartered in suburban Philadelphia.

In his new role, Shreeve will be responsible for day to day mortgage operations, including processing, underwriting, closing, and post-closing. He will be focused on developing efficiencies through process improvement, systemic business rules, the implementation of productivity metrics, and enhanced processes and procedures. The goal of the mortgage operations team will be to continue to enhance the bank’s ability to provide best in class customer experiences.

Prior to joining Meridian Bank, Shreeve served as Vice President of Mortgage Strategy for TD Bank. He previously worked for PHH Corporation in a variety of executive roles. He holds a B. S in Business Administration from the University of Maryland, and is a Certified Mortgage Banker.

Meridian Bank is an innovative community bank serving Pennsylvania, New Jersey and Delaware with a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, wealth management and electronic payments. Meridian also has a broad menu of high-yield depository products supported by robust online and mobile access.

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