Bank Governance

Principles of good governance have been a major component of international financial standards and are seen as essential to the stability and integrity of financial systems. Over the past 10 years much energy and attention have gone to improving th...

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Bibliographic Details
Main Authors:	Ard, Laura, Berg, Alexander
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADEQUATE DISCLOSURE ASSET VALUES AUDIT COMMITTEE AUDIT COMMITTEES AUTHORITY BALANCE SHEETS BANK FAILURE BANK FAILURES BANK FOR INTERNATIONAL SETTLEMENTS BANKING SECTOR BANKING SUPERVISION BANKS BOARD MEMBERS BUSINESS RISK CAPITAL ACCORD CAPITAL MARKETS CEO CEOS CHAIRMAN AND CEO CHIEF EXECUTIVE CHIEF EXECUTIVES COMMUNICATIONS DEVELOPMENT COMPANY COMPENSATION PACKAGES CONFLICT OF INTEREST CONFLICTS OF INTEREST CONSENSUS CONSOLIDATION CONTROLLING SHAREHOLDERS CORPORATE DECISIONS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CODES CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE PRINCIPLES DECISION MAKING DIRECT GOVERNMENT INTERVENTIONS DISSIDENT SHAREHOLDERS DISTRESSED BANKS DIVESTMENT DIVIDENDS EMERGING ECONOMIES EMERGING-MARKET EXCHANGE RULES FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL REFORMS FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEMS FUND MANAGERS GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE FAILURES GOVERNANCE ISSUES GOVERNANCE PRACTICE GOVERNANCE PROBLEMS GOVERNANCE PROCEDURES GOVERNANCE SYSTEMS INCENTIVE STRUCTURES INCORPORATED INDEPENDENT BOARDS INDEPENDENT DIRECTORS INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INSTITUTIONAL PERFORMANCE INSTITUTIONAL SHAREHOLDERS INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ORGANIZATIONS INVESTMENT APPROACH INVESTMENT BANKS JURISDICTIONS LARGE COMPANIES LAWS LEGISLATION LIMITED LIQUIDITY MANAGEMENT OVERSIGHT MINORITY SHAREHOLDERS OVERSIGHT PROCESS OWNERSHIP STRUCTURE PORTFOLIO PRESIDENCY PRIVATE COMPANIES PRIVATE SECTOR DEVELOPMENT PUBLIC POLICY RAPID GROWTH REGULATORS REGULATORY REFORMS RISK MANAGEMENT RISK MANAGEMENT PRACTICES RISK MANAGEMENT SYSTEMS RISK MEASUREMENT RISK TAKING SENATE SHAREHOLDER SHAREHOLDER ENGAGEMENT SHAREHOLDER INTERESTS SHAREHOLDER MEETINGS SHAREHOLDER RIGHTS SHAREHOLDERS STAKEHOLDERS STOCK EXCHANGE STOCK OPTIONS TRANSPARENCY TREASURY TURNOVER UNION VETO VOTING WRITEDOWNS
Online Access:	http://documents.worldbank.org/curated/en/2010/03/12041876/bank-governance http://hdl.handle.net/10986/10207

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Summary:	Principles of good governance have been a major component of international financial standards and are seen as essential to the stability and integrity of financial systems. Over the past 10 years much energy and attention have gone to improving the ability of company boards, managers, and owners to prudently navigate rapidly changing and volatile market conditions. So, how to explain the events of 2007-08? Many of the recent problems can be traced to flawed implementation of good principles and to behavior prompted by increasingly short-term performance horizons.

Bank Governance

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