It appears bank boards will be required to go beyond figure head status under upcoming regulation changes in UK. Sir David Walker to shake up bank boards The City grandee tasked with reforming corporate governance standards at Britain’s banks will this week set out plans for directors to receive formal training and annual re-election to the boards of financial institutions. They will also address boardroom composition by stressing that boards need to have a proper balance of experience and understanding of a company’s risk strategy, and suggest that risk committees should be established alongside audit committees to aid risk management … Continue reading Bank directors to receive formal training and capability assessment