Look around the room during your next meeting with the board of directors or executive management. How many gray-haired men and women do you see? (The fact that most are likely to be men is worthy of a separate article.)
If yours is a typical community bank, you probably can count quite a few senior citizens. While I don’t dispute the adage that “with age comes wisdom,” an overwhelmingly older board and management team can be detrimental to a bank’s ability to engage in true strategic planning.