This paper proposes a model for analysing the effectiveness of boards of directors of financial intermediaries. The European Union recommends that companies in the Member States annually evaluate the performance of their boards. The degree of effectiveness of a board should be appreciated taking...

The paper discusses the idea that an institutionalized and effective board induction and training process could maximize the director's contribution and thus improve board effectiveness in banks, especially if training and induction are done in a board that respects good practices with regards...