The basis of corporate governance is shareholder democracy. The role of the management is to run the enterprise while the board is to see that it is being run well and in the correct direction. Rules and regulations recommended by different committee report are necessary but not sufficient...

This paper investigates whether banks were able to create value for their shareholders after the Global Financial Crisis (GFC) and whether operational efficiency is related to shareholder value creation in informationally efficient stock markets. The impact of GFC on bank efficiency and...