Rethinking Corporate Governance in Financial Institutions Contributor(s): Arsalidou, Demetra (Author) |
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ISBN: 0415535468 ISBN-13: 9780415535465 Publisher: Routledge OUR PRICE: $180.50 Product Type: Hardcover - Other Formats Published: November 2015 |
Additional Information |
BISAC Categories: - Business & Economics | Banks & Banking - Law | Corporate - Law | Business & Financial |
Dewey: 332.106 |
LCCN: 2015021217 |
Series: Routledge Research in Corporate Law |
Physical Information: 0.63" H x 6.14" W x 9.21" (1.19 lbs) 258 pages |
Descriptions, Reviews, Etc. |
Publisher Description: There are many deep-seated reasons for the current financial turmoil but a key factor has undoubtedly been the serious failings within the corporate governance practices of financial institutions. There have been shortcomings in the risk management and incentive structures; the boards' supervision was at times weak; disclosure and accounting standards were in some cases inadequate; the institutional investors' engagement with management was at times insufficient and, last but not least, the remuneration policies of many large institutions appeared inappropriate. This book will provide a critical overview and analysis of key corporate governance weaknesses, focusing primarily on three main areas: directors' failure to understand complex company transactions; the poor remuneration practices of financial institutions; and, finally, the failure of institutional investors to sufficiently engage with management. The book, while largely focused on the UK, will also consider EU and Australian developments as well as offering a comparative angle looking at the corporate governance of financial institutions in the US. |