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Assessing effectiveness and compliance of banking boards

Author

Listed:
  • Alessandro Carretta
  • Vincenzo Farina
  • Paola Schwizer

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.

Suggested Citation

  • Alessandro Carretta & Vincenzo Farina & Paola Schwizer, 2010. "Assessing effectiveness and compliance of banking boards," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 18(4), pages 356-369, November.
    • Handle: RePEc:eme:jfrcpp:v:18:y:2010:i:4:p:356-369
    DOI: 10.1108/13581981011093677
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    References listed on IDEAS

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