| Author | : Demetra Arsalidou |
| File Size | : 54,7 Mb |
| Publisher | : Routledge |
| Language | : English |
| Release Date | : 06 November 2015 |
| ISBN | : 9781134499199 |
| Pages | : 259 pages |
Rethinking Corporate Governance in Financial Institutions by Demetra Arsalidou Book PDF Summary
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.