Wednesday, July 22, 2009
Bank boards 'come under scrutiny'
The boards of UK banks and the role they played in the credit crisis are expected to come under scrutiny in a report due out later on Thursday.
Analysts say the review of corporate governance, by ex-City regulator Sir David Walker, may pave the way for boardroom practices to be overhauled.
The report, commissioned by the Treasury, is expected to focus on the way risk is managed at banks.
The issue of pay and how it is linked to risk is also likely to be addressed.
See full Article.