10 Pages Posted: 13 Apr 2010
Date Written: April 12, 2010
In the wake of the financial crisis, boards of directors will find both regulators and shareholders focused on legal and ethical responsibilities of the board. How much direction and oversight should a board provide to management in its efforts to maximize profitability? What new requirements will the regulators impose and what actions will they take based on past board actions? Every financial crisis has brought a wave of enforcement actions. It is important for boards and their attorneys to anticipate and prepare for heightened regulatory attention.
Keywords: financial institutions, corporate law, corporate governance, board of directors, banking law
JEL Classification: G21, G28, K23
Suggested Citation: Suggested Citation