price. Performance targets for bankers are not related to the risk of the bank, and ROE targets are not appropriately … of short-term pay for bank CEOs and the risk of the bank before the financial crisis …

-mandated committees have highlighted four key deficiencies with bank boards before the crisis: (i) group think among bank board members … significant difference in the proportion of directors has turned over from bank boards since 2007 relative to boards of 1 …,297 firms in other industries; (ii) evidence of greater gender or racial diversity in bank boards or of a greater split between …