Weak Governance Still Plagues Financial Sector, Report Says

Law360, New York (April 12, 2012, 1:43 PM EDT) -- Global financial institutions have not taken sufficient heed of the 2008 financial crisis and need to increase their internal corporate governance efforts, including splitting the chairman and CEO roles, to promote systemic stability, a financial industry organization said Thursday.

In a report released just days before major international economic talks in Washington, the Group of Thirty said that one of the major causes of the financial crisis was poor internal controls set up by the management of financial institutions and oversight from those companies' boards of...
To view the full article, register now.