Board effectiveness reviews are now part of the corporate governance landscape, carried out annually and often with external involvement in the form of questions, assessment and peer comparisons. But what made the Board of a bank or other financial institution ‘effective’ a few years ago won’t hit the mark in 2022. The broad themes look […]
Tag Archives: diversity
WHAT MAKES A BOARD ‘EFFECTIVE’ IN 2022?
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Also tagged board effectiveness, board meetings, corporate governance, D&I, knowledge, strategic plan, strategy
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Diversity and inclusion and retail customers
For retail customers …, firms need to be sufficiently diverse and inclusive to understand and meet the needs of their diverse customer bases; otherwise their customers are at more risk of harm. So say the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England in their July 2021 discussion paper, DP21/1 Diversity […]
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Also tagged consumer duty, diversity and inclusion, DP21/1, inclusion, retail customers, vulnerable customers
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Diversity and inclusion and governance
One of the key messages in discussion paper DP21/1 Diversity and inclusion in the financial sector – working together to drive change, issued in July 2021 by the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England, is the importance of governance in delivering the diversity and inclusion agenda. On one level, […]
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Also tagged culture, diversity and inclusion, DP21/1, governance, inclusion, MI
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Diversity and inclusion in financial services
The Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England issued discussion paper DP21/1 in July 2021: Diversity and inclusion in the financial sector – working together to drive change. This is early-stage, but very serious, thinking to improve diversity and inclusion in the financial services sector and it is clear that […]