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Assessing effectiveness and compliance of banking boards

Alessandro Carretta (Economics and Management of Financial Intermediaries, University of Rome Tor Vergata, Rome, Italy)
Vincenzo Farina (Economics and Management of Financial Intermediaries, University of Rome Tor Vergata, Rome, Italy)
Paola Schwizer (Economics and Management of Financial Intermediaries, University of Parma, Parma, Italy)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 16 November 2010

Abstract

Purpose

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.

Design/methodology/approach

The literature on the roles and effectiveness of boards and directors in the financial industry is reviewed.

Findings

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.

Practical implications

Banking boards, more than in the past, must proactively evaluate their effectiveness and compliance with existing rules.

Originality/value

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.

Keywords

Citation

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

Publisher

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Emerald Group Publishing Limited

Copyright © 2010, Emerald Group Publishing Limited