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The Role Of The Board Of Financial Services Firms In Improving Their Firm's Culture, Ciaran Walker
The Role Of The Board Of Financial Services Firms In Improving Their Firm's Culture, Ciaran Walker
Seattle University Law Review
In this Article, we look at the role the board is expected to play under regulatory requirements and guidance; we then look specifically at the failings of boards in a number of the recent “scandals.” Finally, we offer a number of suggestions on ways in which the board can have a more effective role in improving firms’ culture. In this latter regard, we specifically focus on industry (rather than firm-specific) initiatives that could enable the board to have a more effective role, particularly in light of the setting up of the industry-funded Banking Standards Board in the U.K. and the …