Profitability steering committees are a best-practice mechanism for banks and credit unions to define and monitor profitability measures in their institutions. Yet Syntellis’ 2020 Profitability Perspectives survey found that only 38% of U.S. financial institutions utilize a formal profitability steering committee.
Watch the on-demand webinar to learn the “5 Ws” of profitability steering committees:
- Why your institution needs a committee
- Who should participate
- What goals to establish
- When the committee should meet
- Where the committee adds value and oversight