This chapter aims to clarify the meaning of corporate governance (CG). The first part focuses on the main difficulties that regulators, practitioners, and the general public face when discussing CG. We identify four aspects that can exacerbate these difficulties. First, CG regulation is a recent topic and this is even more true in the banking sector. Second, CG looks at directors’ attributes and social aspects; these elements are very difficult to measure and operationalize. Third, the different types of ownership structures change and affect board’s goals and characteristics. Fourth, CG models differ according to the diverse forms of capitalism. Three main CG models are identified in literature: the Anglo-American model, the Continental European model, and the Japanese model. The second part defines CG with a focus on the banking sector.
The Meaning of Corporate Governance and its Role in the Banking Sector
Buchetti B.;
2022
Abstract
This chapter aims to clarify the meaning of corporate governance (CG). The first part focuses on the main difficulties that regulators, practitioners, and the general public face when discussing CG. We identify four aspects that can exacerbate these difficulties. First, CG regulation is a recent topic and this is even more true in the banking sector. Second, CG looks at directors’ attributes and social aspects; these elements are very difficult to measure and operationalize. Third, the different types of ownership structures change and affect board’s goals and characteristics. Fourth, CG models differ according to the diverse forms of capitalism. Three main CG models are identified in literature: the Anglo-American model, the Continental European model, and the Japanese model. The second part defines CG with a focus on the banking sector.
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