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.
The literature on the roles and effectiveness of boards and directors in the financial industry is reviewed.
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.
Banking boards, more than in the past, must proactively evaluate their effectiveness and compliance with existing rules.
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.
Carretta, A., Farina, V. and Schwizer, P. (2010), "Assessing effectiveness and compliance of banking boards", Journal of Financial Regulation and Compliance, Vol. 18 No. 4, pp. 356-369. https://doi.org/10.1108/13581981011093677
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