Corporate Governance In Banks. Effective corporate governance is critical to the proper functioning of the banking sector and the economy as a whole. The Group provides advisory services to countries wishing to improve state bank governance.
Little attention has been paid, however, to international laws and recommendations dealing with corporate governance in banking from a global perspective. These include monitoring the actions, policies, practices, and decisions of cor. Deep changes in this area are necessary to reinforce the financial sector stability.
Corporate governance in banks and financial institutions: change ahead.
Hence, one may doubt whether banks' corporate governance should map the way forward for corporate governance in general.
Enhancing corporate governance in banks requires addressing a number of issues. These include monitoring the actions, policies, practices, and decisions of cor. Furthermore, banks should be encouraged to aim at practices leading to strong shareholder rights, with the purpose of ensuring that the board is fully accountable to shareholders.