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Rethinking Corporate Governance in Financial Institutions

Rethinking Corporate Governance in Financial Institutions

Paperback

Series: Routledge Research in Corporate Law

AccountingGeneral Law

ISBN10: 1138614572
ISBN13: 9781138614574
Publisher: Routledge
Published: Jun 1 2018
Pages: 258
Weight: 0.82
Height: 0.55 Width: 6.14 Depth: 9.21
Language: English

There are many deep-seated reasons for the current financial turmoil but a key factor has undoubtedly been the serious failings within the corporate governance practices of financial institutions. There have been shortcomings in the risk management and incentive structures; the boards' supervision was at times weak; disclosure and accounting standards were in some cases inadequate; the institutional investors' engagement with management was at times insufficient and, last but not least, the remuneration policies of many large institutions appeared inappropriate. This book will provide a critical overview and analysis of key corporate governance weaknesses, focusing primarily on three main areas: directors' failure to understand complex company transactions; the poor remuneration practices of financial institutions; and, finally, the failure of institutional investors to sufficiently engage with management. The book, while largely focused on the UK, will also consider EU and Australian developments as well as offering a comparative angle looking at the corporate governance of financial institutions in the US.

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