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...

This article is about an appeal board recently set up by the European Union to hear appeals in respect of decisions of the three new European Supervisory Authorities. This is the first time that such a body has been established at the European level in the field of financial regulation, and...

Failures in governance, especially concerning boards, have been blamed for the 2007-2008 financial crisis. The increased public scrutiny regarding the actions and role of the board of directors in banks, following the crisis, inspires to examine whether and to what extent do board's...