Work

Assessing effectiveness and compliance of banking boards

Year: 2010

Type: article

Abstract: Purpose This paper aims to develop a model to assess the effectiveness and compliance of bank boards, taking into account their unique characteristics, financial industry standards and regulations. Design/methodology/approach The literature on the roles and effectiveness of boards and directors in the financial industry is reviewed. Findings The main finding in the literature suggests that evaluating the effectiveness of a board must include characteristics of the entire board as well as individual contributions of directors. Practical implications Banking boards, more than in the past, must proactively evaluate their effectiveness and compliance with existing rules. Originality/value The paper proposes a model for assessing the effectiveness and compliance of boards and directors of banking organizations, considering their characteristics, financial industry standards and regulations.

Source: Journal of Financial Regulation and Compliance

DOI: 10.1108/13581981011093677

Authors: Alessandro Carretta, Vincenzo Farina, Paola Schwizer

Institutions: University of Rome Tor Vergata, University of Parma

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2040066892

FWCI: 5.594

Cites: 62

Cited by: 23

Related to: 10