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ap- point independent directors on the board of an assisted bank that missed six dividend payments to the Treasury … payments exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower …
Persistent link: https://www.econbiz.de/10012584933
appoint independent directors on the board of an assisted bank that missed six dividend payments to the Treasury - helped … exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower CEO pay …
Persistent link: https://www.econbiz.de/10012643917
banks. We focus on the provisions that are aimed at reshaping bank boards' composition, functioning, and their members …' liabilities, and argue that they are unlikely to improve bank boards' effectiveness or prevent excessive risk-taking. We criticize … diversity requirements will worsen the shortage of bank directors, while requirements for induction and training and board …
Persistent link: https://www.econbiz.de/10013056692
governance committing bank managers to long-term horizons. Rules on managerial remuneration are insufficient for this purpose …
Persistent link: https://www.econbiz.de/10013088374
We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is … no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1 …) many large and complex banks voluntarily chose to have a risk committee before the Dodd-Frank Act forced bank holding …
Persistent link: https://www.econbiz.de/10012816376
. Furthermore, some of these fi ndings strongly depend on the bank’s legal form, its size and business model, suggesting that both …
Persistent link: https://www.econbiz.de/10010187505
India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance … CEO duality is high. We find that a longer CEO tenure has significant positive effects on bank outcomes with these effects …
Persistent link: https://www.econbiz.de/10011852430
Purpose - The need for robust governance standards in financial institutions requires no overemphasis. However, instances of governance failures have been a recurring global phenomenon. This paper examines the key elements of governance in financial institutions, evaluates reasons for failures...
Persistent link: https://www.econbiz.de/10014449757
shareholders and other stakeholders of the way in which they are run. The problem of bank governance stems from the way in which … banks are financed and regulated, from the externalities bank failures produce, and from the nature of their assets. In the … their activities, meaning that what maximized bank shareholders' returns would also be in the interests of society …
Persistent link: https://www.econbiz.de/10012989442
Persistent link: https://www.econbiz.de/10013117550