Corporate governance and banks: what have we learned from the financial crisis?

Recent academic work and policy analysis give insight into the governance problems exposed by the financial crisis and suggest possible solutions. We begin this paper by explaining why governance of banks differs from governance of nonfinancial firms. We then look at four areas of governance: executive compensation, boards, risk management, and market discipline. We discuss promising solutions and areas where further research is needed.

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Year of publication:	2011
Authors:	Mehran, Hamid ; Morrison, Alan ; Shapiro, Joel
Institutions:	Federal Reserve Bank of New York
Subject:	Corporate governance \| Executives - Salaries \| Financial risk management \| Bank management

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Extent:	text/html application/pdf
Series:	Staff Reports.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 502
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009146853