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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
to reduce the bank manager' incentives to take risks in order to promote financial stability. On both sides of the …' remuneration is economically justified, it is doubtful that assigning independent directors the task to discipline bank managers … pay structure and the risk management policies of a bank and protect their investment accordingly. This mechanism, however …
Persistent link: https://www.econbiz.de/10013082455
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
, play a crucial role in overseeing and guiding bank operations, the extent of their impact on liquidity creation as the … investigates the moderating effect of government ownership on the association between board governance features and bank liquidity … in enhancing bank liquidity creation, whereas the presence of female board members does not affect liquidity creation …
Persistent link: https://www.econbiz.de/10014505363
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
The well-documented banking company failures that occurred in the UK over 2007 and 2008 have enhanced the importance and scope of the risk management function performed by boards. It is consequently a universal expectation of non-executive directors (NEDs) today that they provide high-level...
Persistent link: https://www.econbiz.de/10013136764