Abstract

http://ssrn.com/abstract=1343669
 
 

References (70)



 


 



Evaluating the Board of Directors of Financial Intermediaries: Competencies, Effectiveness and Performance


Alessandro Carretta


University of Rome II - Faculty of Economics

Vincenzo Farina


University of Rome II - Faculty of Economics; University of Rome II - Department of Financial and Quantitative Economics

Paola Schwizer


University of Parma

February 15, 2009


Abstract:     
This paper proposes a model for analysing the effectiveness of boards of directors of financial intermediaries. The European Union recommends that companies in the Member States annually evaluate the performance of their boards. The degree of effectiveness of a board should be appreciated taking into account the business structure, ownership and institutional model of the firm, on the one hand, and the characteristics of its board, in terms of its composition, structure and skills, on the other hand.

This paper also outlines the specificity of the role played by boards of directors in financial intermediaries, also in the light of the industry standards and regulations, and provides an overview of the board assessment methodologies proposed in literature, or developed by listed companies on the Anglo-saxon markets, with a view to considering their applicability to the financial sector. Lastly, and based on the foregoing, the paper proposes a model for diagnosing the conditions that need to be put into place to ensure the suitability of boards of directors and to evaluate the performance of both the board as a whole and the individual directors.

Number of Pages in PDF File: 27

Keywords: Corporate Governance, Board of Directors, Performance

JEL Classification: G34, L20

working papers series


Download This Paper

Date posted: February 15, 2009  

Suggested Citation

Carretta, Alessandro and Farina, Vincenzo and Schwizer, Paola, Evaluating the Board of Directors of Financial Intermediaries: Competencies, Effectiveness and Performance (February 15, 2009). Available at SSRN: http://ssrn.com/abstract=1343669 or http://dx.doi.org/10.2139/ssrn.1343669

Contact Information

Alessandro Carretta
University of Rome II - Faculty of Economics ( email )
Via Columbia n.2
Rome, rome 00100
Italy
Vincenzo Farina (Contact Author)
University of Rome II - Faculty of Economics ( email )
Via Columbia n.2
Rome, rome 00100
Italy
+390672595433 (Phone)
+39062040219 (Fax)
HOME PAGE: http://www.economia.uniroma2.it/nuovo/facolta/docenti/docenti.asp?IdProfessore=285
University of Rome II - Department of Financial and Quantitative Economics ( email )
Via Columbia n.2
Roma, 00133
Italy
Paola Schwizer
University of Parma ( email )
Via J.F. Kennedy 6
Parma, 43100
Italy
Feedback to SSRN


Paper statistics
Abstract Views: 892
Downloads: 238
Download Rank: 73,014
References:  70
Paper comments
No comments have been made on this paper

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.469 seconds