researchers and regulators. Since poor bank governance is seen as a major cause of the recent crisis, a deeper understanding is … needed how banks are governed and how bank governance is associated with performance and risk taking. This report deals with … non-executive bank employees provided by an international consulting company. The results indicate that both aspects of …

, board independence, number of board meetings, and CEO duality with stock performance measured by the bank's share price and … market-to-book ratio. Further, several control variables were utilized such as the bank's capital adequacy, profitability …, and size. The empirical findings reveal that board independence positively affects the bank stock performance while the …