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...

The author of this article served as a member of a citizen board for five years prior to writing this article. A citizen board is comprised of nine part-time, unspecialized citizen members, and is the decision-making body for one of the most powerful administrative agencies in the state, the...