Selected paper

Marcinkowska, Monika
Corporate governance in banks: Problems and remedies
Year: 2012
Volume: 3
Issue: 2
Pages: 47-67
JEL: G34, G21, G28, G00
DOI: 10.5817/FAI2012-2-4


banks, corporate governance, financial sector regulations and reform, risk management, board of directors accountability, directors remuneration, banks’ transparency

Weak and ineffective corporate governance mechanisms in banks are pointed out as the main factors contributing to the recent financial crisis. Deep changes in this area are necessary to reinforce the financial sector stability. The paper presents key aspects requiring reforms: the role, constitution and accountability of board, risk management, management remuneration, transparency. New regulations and guidance are presented, creating the foundations for a new order of the financial market. The paper also points out the banks’ stakeholders’ accountability.


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