Transcription of RISK MANAGEMENT & CORPORATE GOVERNANCE
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RISK MANAGEMENT & CORPORATE GOVERNANCE
RISK MANAGEMENT & CORPORATE GOVERNANCE By Richard Anderson & Associates This report was prepared for the OECD by R. C. Anderson The views expressed herein are those of the author and do not necessarily reflect those of the OECD or its member countries. 2 I Executive summary 101 This paper portrays a picture of CORPORATE GOVERNANCE in The United Kingdom, the United States of America and France in the banking sector being severely challenged in an extreme Financial Crisis that has seen household banking names run into trouble, some to fail and others to be taken into various degrees of national ownership.
^Good corporate governance should contribute to better company performance by helping a board discharge its duties in the best interests of shareholders; if it is ignored, the consequence may well be vulnerability or poor performance. Good governance should facilitate efficient, effective and entrepreneurial management that can deliver shareholder
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