Bob Schwartz Quoted on Corporate Governance at NJ Community Bank

Thursday, June 14, 2012

A June 6, 2012 article entitled "Wawel Bank CEO Stripped of Chairman Title" quoted Bob Schwartz (Partner, New Brunswick) on a New Jersey bank's decision to separate its chairman and CEO positions in the face of legal and financial issues. As stated in the article, "while some community bank boards see splitting the chairman and chief executive jobs as a so-called best practice in corporate governance, no law or regulation requires it. It is common for a chief executive of a small bank to serve as chairman of the board, too, according to the banking lawyer Robert A. Schwartz, a partner at Windels Marx in New Brunswick."

Bob's practice focuses on regulatory, M&A and securities law for the banking and other industries. He was named to NJ Biz's "Power 50 Banking" list, which is an annual review of New Jersey's banking industry leaders.