Authors: Hamid Mehran, Alan Morrison, and Joel Shapiro
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& EducationThe Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Staff ReportsCorporate Governance and Banks: What Have We Learned from the Financial Crisis?2014 June 2011 Number 502JEL classification: G01, G21, G32, G39Recent academic work and policy analysis give insight into the governance problems exposed by the financial crisis and suggest possible solutions. We begin this paper by explaining why governance of banks differs from governance of nonfinancial firms. We then look at four areas of governance: executive compensation, boards, risk management, and market discipline. We discuss promising solutions and areas where further research is needed.
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