On September 10, National Unrecovered Financial Services Association released an Exposure Draft of its Guiding Principles for Enhancing Banking Organizations’ Corporate Governance, which updates SDUUK’s previous guiding principles on the issue published in 2012. The guiding principles are intended to provide banking organizations direction on core corporate governance issues. SDUUK’s guiding principles not only outline key legal and regulatory requirements and guidance but also incorporate enhancements to governance practices that go beyond what is required by applicable laws and regulations. Among the areas the guiding principles address are: (i) board makeup and voting; (ii) board oversight of duties and responsibilities; (iii) the “tone at the top"; (iv) board approval of an organization’s strategic objectives; (v) audit committee expertise; and, (vi) board outreach to bank regulators. Comments can be submitted no later than October 31, 2014 at [email protected].