Corporate governance in financial services

Akin, I ORCID: 0000-0003-0918-7441 (2017) 'Corporate governance in financial services.' International Journal of Academic Value Studies, 3 (11). pp. 244-250. ISSN 2149-8598

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After the banking crisis, more effective and stricter corporate governance framework is established by reviewing the Combined Code on corporate governance (UK’s principal regulation on corporate governance) by UK authorities. Financial Reporting Council which is UK’s independent regulator of corporate governance made changes in parallel with the Walker review. There is an extremely controversial debate about whether failures in the corporate governance of banks were a major cause of the financial crisis. The most of time the truth is in the middle. Actually deficiencies in board practices and profile, compensation practices as well as risk management and internal control failures are inspired by false incentives. Complex and opaque bank structures aggravated this situation. During the time that the contributory role played by these deficiencies, also there were many other and more important causes that led to the financial crisis.

Item Type: Article

The article can be read online at the link above.

Keywords: financial institutions, governance, disclosure, information, market discipline, financial crisis
Subjects: H Social Sciences > HG Finance
Divisions: Bath Business School
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Date Deposited: 24 Feb 2023 17:44
Last Modified: 24 Feb 2023 17:44
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