Challenge to the board

Syedain, Hashi
July 2009
People Management;7/2/2009, Vol. 15 Issue 14, p16
The article examines the role played by non-executive directors (NEDs) during the global banking crisis of 2008 and 2009. It explains that NEDs are supposed to serve as part of the checks and balances of a company, but financial regulators investigating the crisis said that many NEDs have failed to control the activities of the executives of many British banks. It also suggests that human resource (HR) professionals could help organizations define the rules for selecting NEDs and evaluating their performance to prevent such incidents in the future. INSETS: A matter of time and money;Guidance on governance.


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