All boards receive a pack of materials before a board meeting and, for banks and other financial institutions, this will include materials addressing regulatory matters. I’m setting out below some thoughts based on packs I’ve seen over the last decade or so. Some of these are obvious points but I do see them cropping up […]
Tag Archives: board of directors
Board packs and management information
Posted in Governance Reframed
Also tagged board, board pack, directors, management information, metrics, MI, regulation
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Boards in conflict
It happens: relationships on a board can break down. Sometimes, they can be fixed; sometimes, differences linger and result in one or more of the directors leaving. Here are some thoughts. 1 Pretending the problem doesn’t exist might work but it probably won’t over the longer term – it depends what the problem is and […]
Posted in Governance Reframed
Also tagged board, Chair, conflict, crisis, NED, regulators, senior independent director, SID
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What makes an outstanding board?
This started as an article about what makes a board of directors ‘effective’ but I decided that was aiming too low. Why shouldn’t a board be outstanding? Let’s begin though with board effectiveness. 1 Board effectiveness What made the board of a bank or other financial institution ‘effective’ a few years ago won’t hit the […]
Posted in Articles
Also tagged board effectiveness, boards, challenge, controls, corporate governance, culture, D&I, diversity, diversity and inclusion, EWI, governance, groupthink, KRI, MI, non-executive directors, strategy
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THE CONSUMER DUTY ANNUAL REPORT: POINTS FOR BOARDS TO CONSIDER
For firms subject to the Consumer Duty, the first annual report is on the horizon and a firm’s board of directors will need to review and approve the report, provide confirmations, carry out assessments and agree actions. The process involves more than simply reviewing and approving a document. The Financial Conduct Authority (the FCA) will […]
Posted in Articles
Also tagged boards, consumer duty, Consumer Duty annual report, Consumer Duty monitoring, consumer outcomes, retail customers, strategy
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