The corporate governance lessons from the financial crisis:
This report analyses the impact of failures and weaknesses in corporate governance on the financial crisis, including risk management systems and executive salaries. It concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arr...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch Buchkapitel |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2009
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| Schlagworte: | |
| Online-Zugang: | DE-384 DE-473 DE-824 DE-29 DE-739 DE-355 DE-20 DE-1028 DE-1049 DE-521 DE-861 DE-898 DE-92 DE-91 DE-573 DE-19 URL des Erstveröffentlichers |
| Zusammenfassung: | This report analyses the impact of failures and weaknesses in corporate governance on the financial crisis, including risk management systems and executive salaries. It concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements which did not serve their purpose to safeguard against excessive risk taking in a number of financial services companies. Accounting standards and regulatory requirements have also proved insufficient in some areas. Last but not least, remuneration systems have in a number of cases not been closely related to the strategy and risk appetite of the company and its longer term interests. The article also suggests that the importance of qualified board oversight and robust risk management is not limited to financial institutions. The remuneration of boards and senior management also remains a highly controversial issue in many OECD countries. The current turmoil suggests a need for the OECD to re-examine the adequacy of its corporate governance principles in these key areas |
| Beschreibung: | 1 Online-Ressource (27 Seiten) |
| DOI: | 10.1787/fmt-v2009-art3-en |
Internformat
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Datensatz im Suchindex
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| spelling | Kirkpatrick, Grant Verfasser aut The corporate governance lessons from the financial crisis Grant Kirkpatrick Paris OECD Publishing 2009 1 Online-Ressource (27 Seiten) txt rdacontent c rdamedia cr rdacarrier This report analyses the impact of failures and weaknesses in corporate governance on the financial crisis, including risk management systems and executive salaries. It concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements which did not serve their purpose to safeguard against excessive risk taking in a number of financial services companies. Accounting standards and regulatory requirements have also proved insufficient in some areas. Last but not least, remuneration systems have in a number of cases not been closely related to the strategy and risk appetite of the company and its longer term interests. The article also suggests that the importance of qualified board oversight and robust risk management is not limited to financial institutions. The remuneration of boards and senior management also remains a highly controversial issue in many OECD countries. The current turmoil suggests a need for the OECD to re-examine the adequacy of its corporate governance principles in these key areas Finance and Investment https://doi.org/10.1787/fmt-v2009-art3-en Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Kirkpatrick, Grant The corporate governance lessons from the financial crisis Finance and Investment |
| title | The corporate governance lessons from the financial crisis |
| title_auth | The corporate governance lessons from the financial crisis |
| title_exact_search | The corporate governance lessons from the financial crisis |
| title_exact_search_txtP | The corporate governance lessons from the financial crisis |
| title_full | The corporate governance lessons from the financial crisis Grant Kirkpatrick |
| title_fullStr | The corporate governance lessons from the financial crisis Grant Kirkpatrick |
| title_full_unstemmed | The corporate governance lessons from the financial crisis Grant Kirkpatrick |
| title_short | The corporate governance lessons from the financial crisis |
| title_sort | the corporate governance lessons from the financial crisis |
| topic | Finance and Investment |
| topic_facet | Finance and Investment |
| url | https://doi.org/10.1787/fmt-v2009-art3-en |
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