Using bank board-level data and unique director work experience records from a large sample of publicly-listed U.S. banks, we examine (i) whether cognitively concentrated or diverse board align banks’ risk-taking preferences with those of regulators in terms of capital adequacy, and (ii) the...

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...

We study the effect of board governance in state-owned and private banks by undertaking a study of commercial banks in India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance reforms in India, the results of our empirical analysis...