Paragon’s business is managed under the direction of the Board of Directors. The Board delegates the conduct of business to Paragon’s executive management team. The Board has adopted the following corporate governance guidelines to provide a framework within which directors and management can effectively pursue Paragon’s objectives for the benefit of its stockholders. The Board annually reviews and updates these corporate governance guidelines.
It is the responsibility of the Audit and Compliance Committee to maintain free and open communication among the directors, independent auditors, internal audit, loan review and regulatory compliance personnel, and management of the Bank.
The directors and staff of the bank are expected and directed to manage the business of the bank with complete honesty, candor, and integrity and in conformity with our Code of Ethics.
The Compensation Committee oversees and monitors the Company’s executive compensation plans and programs to determine whether they are properly aligned with the Company’s strategic and financial objectives.