Thursday July 2, 2020

Directors’ duties in the spotlight

The financial crisis has focused attention on the importance of adequate oversight in financial institutions.

29th May, 2010

The financial crisis has focused attention on the importance of adequate oversight in financial institutions.

Many institutions did not have robustly independent non-executive board members who were ready, willing and able to make their voice heard on issues of strategy and risk management.

Rather, deficiencies in board composition emerged, including the potential for conflicts of interest arising from the interconnected nature of the business and the social scene in a small country such as Ireland.

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