Bank Governance

Principles of good governance have been a major component of international financial standards and are seen as essential to the stability and integrity of financial systems. Over the past 10 years much energy and attention have gone to improving the ability of company boards, managers, and owners to prudently navigate rapidly changing and volatile market conditions. So, how to explain the events of 2007-08? Many of the recent problems can be traced to flawed implementation of good principles and to behavior prompted by increasingly short-term performance horizons.

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Bibliographic Details
Main Authors: Ard, Laura, Berg, Alexander
Language:English
Published: World Bank, Washington, DC 2010-03
Subjects:ACCOUNTABILITY, ACCOUNTING, ACCOUNTING STANDARDS, ADEQUATE DISCLOSURE, ASSET VALUES, AUDIT COMMITTEE, AUDIT COMMITTEES, AUTHORITY, BALANCE SHEETS, BANK FAILURE, BANK FAILURES, BANK FOR INTERNATIONAL SETTLEMENTS, BANKING SECTOR, BANKING SUPERVISION, BANKS, BOARD MEMBERS, BUSINESS RISK, CAPITAL ACCORD, CAPITAL MARKETS, CEO, CEOS, CHAIRMAN AND CEO, CHIEF EXECUTIVE, CHIEF EXECUTIVES, COMMUNICATIONS DEVELOPMENT, COMPANY, COMPENSATION PACKAGES, CONFLICT OF INTEREST, CONFLICTS OF INTEREST, CONSENSUS, CONSOLIDATION, CONTROLLING SHAREHOLDERS, CORPORATE DECISIONS, CORPORATE GOVERNANCE, CORPORATE GOVERNANCE CODES, CORPORATE GOVERNANCE FRAMEWORK, CORPORATE GOVERNANCE PRINCIPLES, DECISION MAKING, DIRECT GOVERNMENT INTERVENTIONS, DISSIDENT SHAREHOLDERS, DISTRESSED BANKS, DIVESTMENT, DIVIDENDS, EMERGING ECONOMIES, EMERGING-MARKET, EXCHANGE RULES, FINANCIAL CRISIS, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL REFORMS, FINANCIAL RISK, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL SYSTEMS, FUND MANAGERS, GLOBAL CAPITAL, GLOBAL CAPITAL MARKETS, GOOD CORPORATE GOVERNANCE, GOOD GOVERNANCE, GOVERNANCE FAILURES, GOVERNANCE ISSUES, GOVERNANCE PRACTICE, GOVERNANCE PROBLEMS, GOVERNANCE PROCEDURES, GOVERNANCE SYSTEMS, INCENTIVE STRUCTURES, INCORPORATED, INDEPENDENT BOARDS, INDEPENDENT DIRECTORS, INSTITUTIONAL FRAMEWORK, INSTITUTIONAL INVESTORS, INSTITUTIONAL PERFORMANCE, INSTITUTIONAL SHAREHOLDERS, INTERNAL CONTROL, INTERNAL CONTROLS, INTERNATIONAL ORGANIZATIONS, INVESTMENT APPROACH, INVESTMENT BANKS, JURISDICTIONS, LARGE COMPANIES, LAWS, LEGISLATION, LIMITED, LIQUIDITY, MANAGEMENT OVERSIGHT, MINORITY SHAREHOLDERS, OVERSIGHT PROCESS, OWNERSHIP STRUCTURE, PORTFOLIO, PRESIDENCY, PRIVATE COMPANIES, PRIVATE SECTOR DEVELOPMENT, PUBLIC POLICY, RAPID GROWTH, REGULATORS, REGULATORY REFORMS, RISK MANAGEMENT, RISK MANAGEMENT PRACTICES, RISK MANAGEMENT SYSTEMS, RISK MEASUREMENT, RISK TAKING, SENATE, SHAREHOLDER, SHAREHOLDER ENGAGEMENT, SHAREHOLDER INTERESTS, SHAREHOLDER MEETINGS, SHAREHOLDER RIGHTS, SHAREHOLDERS, STAKEHOLDERS, STOCK EXCHANGE, STOCK OPTIONS, TRANSPARENCY, TREASURY, TURNOVER, UNION, VETO, VOTING, WRITEDOWNS,
Online Access:http://documents.worldbank.org/curated/en/2010/03/12041876/bank-governance
https://hdl.handle.net/10986/10207
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