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The Corporate Governance of Banks

TLDR
In this paper, the authors argue that commercial banks pose unique corporate governance problems for managers and regulators, as well as for claimants on the banks' cash flows, such as investors and depositors.
Abstract
The study argues that commercial banks pose unique corporate governance problems for managers and regulators, as well as for claimants on the banks' cash flows, such as investors and depositors The authors support the general principle that fiduciary duties should be owed exclusively to shareholders However, in the special case of banks, they contend that the scope of the fiduciary duties and obligations of officers and directors should be broadened to include creditors In particular, the authors call on bank directors to take solvency risk explicitly and systematically into account when making decisions or else face personal liability for failure to do so

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The profile of the internal auditor in the Romanian banking sector

TL;DR: In this paper, the profile of the internal auditor in the banking industry of Romania is examined and the results of the research consist in the current profile of an internal auditor, which fills in an important gap in the Romanian academic literature, which lacks studies regarding the internal audit in Romanian banking industry.
Journal ArticleDOI

Effect of Corporate Governance Practice and Bank Regulatory Capital on Performance: Evidence from Deposit Money Banks in Nigeria

TL;DR: In this paper, the effect of corporate governance practice and regulatory capital on the performance of deposit money banks in Nigeria was examined, and board size, non-executive directors and bank regulatory capital were found to have a significant positive effect on bank performance.
Journal ArticleDOI

The credit crisis and corporate governance : excessive bonuses of TARP banks

TL;DR: In this paper, the authors show that the unjust redistribution of rights through compulsory layoffs, whilst making excessive executive bonus payments reduces the value of TARP banks to society, which will make the firm less valuable to society.
Journal ArticleDOI

Bank Governance, Regulation and Risk Taking: Evidence from Tunisia

TL;DR: In this paper, the authors investigated the hypothesis that governance and regulation have a role in reducing bank risk and showed that bank risk is influenced positively by ownership structure and negatively by regulation.
Journal ArticleDOI

Does the Board Structure Affect the Asset Quality of the Banks? Evidence from India:

TL;DR: The Office of the Comptroller of the Currency (OCC) argue that poor asset quality is an outcome of the failure of bank boards in effectively monitoring the management in terms of loan policies and...
References
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Book

The Modern Corporation and Private Property

TL;DR: Weidenbaum and Jensen as mentioned in this paper reviewed the impact of developments not fully anticipated by Berle and Means, such as the rise of the service sector, and the significant role played by institutional investors in the owner/manager equation.
Journal ArticleDOI

Bank Runs, Deposit Insurance, and Liquidity

TL;DR: The authors showed that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits, and showed that there are circumstances when government provision of deposit insurance can produce superior contracts.
Journal ArticleDOI

Agency Problems and the Theory of the Firm

TL;DR: In this article, the authors explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization, and set aside the presumption that a corporation has owners in any meaningful sense.
Book

A Monetary History of the United States

TL;DR: The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement as discussed by the authors, and the treatment of innumerable issues, large and small, have been brought to bear on the solution of complex and subtle economic issues.
Journal Article

Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure

TL;DR: In this paper, the authors integrate elements from the theory of agency, property rights and finance to develop a theory of the ownership structure of the firm and define the concept of agency costs, show its relationship to the separation and control issue, investigate the nature of the agency costs generated by the existence of debt and outside equity, demonstrate who bears costs and why and investigate the Pareto optimality of their existence.
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