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Conference on Bank Corporate Governance. The roles and responsibilities of boards of banks: an international experience Chris Pierce CEO Global Governance Services Ltd, UK. Governance Standards in UK. Organising and running the board Undertaking the tasks of the board.
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Conference on Bank Corporate Governance The roles and responsibilities of boards of banks: an international experience Chris Pierce CEO Global Governance Services Ltd, UK.
Governance Standards in UK • Organising and running the board • Undertaking the tasks of the board
Organising and running the Board Ensuring the effective functioning and performance of the board.
Tasks of the Board • Determining the bank’s purpose, vision, values and ethical behaviour • Defining the bank’s strategy and structure • Overseeing the evaluation of bank and managerial performance and ensuring effective compliance and control systems • Exercising accountability and engaging effectively with key stakeholders
Exercising accountability and responsibility Foresight Strategy and Structure Delegation to Management
Vertical Historical and current versus future • Horizontal Inward looking versus outward looking
International issues • Internal controls • Risk management • Reporting • Enforcement
Chris Pierce • Chris.pierce2@virgin.net • +44 1689 878399