G30: Toward Effective Governance of Financial Institutions - report and recommendations published

The Steering Committee and Working Group formed by the Group of Thirty to consider the governance of major financial institutions has published its report: see here (pdf). The report argues that boards, managers, supervisors and long-term shareholders need to reassess their approach to governance and, in this regard, provides recommendations regarding what each of these parties needs to do in order to bring about more effective governance. The press release accompanying publication of the report is available here (pdf) and an executive summary is available here (pdf).