Purpose – The purpose of this study is to critique specific governance requirements of public‐private partnerships (PPPs) with the objective of understanding what constitutes sound governance of these projects and conceptualises a framework that sets out the structure, resources,...

Purpose – Large infrastructure projects involve many different stakeholders. Risk allocation is negotiated between the public sector and the special purpose vehicle (SPV)/consortium. Moreover, risk allocation is negotiated between the shareholders of the SPV and between the SPV and its...

Purpose – Significant risk factors inherent in construction cost flow forecast were identified in this study. The aim of this paper is to develop regression models to assess the impacts of the identified risks on the baseline forecast at the in‐progress stage of construction....

Purpose The purpose of this paper is to examine construction bonds, which is a risk management tool for ensuring that projects are delivered successfully, with emphasis on the influence of stakeholders, project characteristics and bonding decision factors. Design/methodology/approach Using case...

Purpose – Audit committees (ACs) have been perceived as an important means of corporate governance, safeguarding the interests of shareholders by monitoring internal control and risk management. This study aims to examine specific structural and operational characteristics of ACs for firms in...

Purpose – The purpose of this paper is to investigate the impact of currency risks on the financial performance of multilateral banks (MBs). Financial performance is measured here by after-tax accounting profitability or losses. Design/methodology/approach – Quantitative hypothesis regarding...

Professional development will become a crucial investment rather than an irritating cost in the 21st century. Financial services professionals often see continued professional development (CPD) as a chore which requires the routine collection of points or hours through attendance at conferences...

This paper is the second of two parts that set out to examine some of the current challenges in corporate governance and control. The first part looked at formal requirements and how they have been interpreted and implemented, deriving some pointers for the way forward. This part examines some...

If financial services institutions (FSIs) do not comply with a variety of new regulations they can face criminal charges. Despite budget pressures they must therefore continue to invest in technologies in support of their compliance mandate. This paper describes the major regulations applying to...