Abstract

The financial crisis that began in 2007 has a large impact on the world economy. Summing up the lesson, people find that the failure of corporate governance of financial institutions is one of the main causes of financial crisis. In this serious financial crisis, many famous large banks went bankrupt or were taken over. From the perspective of corporate governance and particularity of bank corporate governance, this paper systematically shows the effect and transmission mechanism of corporate governance on security of banking industry by analyzing corporate governance mechanism, including ownership structure, board of directors, incentive mechanism for executives and regulatory mechanisms.

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