Exploring the Corporate Governance in Lloyd’s and the Co-operative Bank: the Role of the Board

Adel Ahmed^1,

¹Liverpool Hope University, Liverpool Hope Business School, Hope Park, Liverpool

Cite this paper

Adel Ahmed. Exploring the Corporate Governance in Lloyd’s and the Co-operative Bank: the Role of the Board. Journal of Business and Management Sciences. 2015; 3(1):6-19. doi: 10.12691/JBMS-3-1-2

Abstract

Corporate Governance is a complex process through which the companies are directed and controlled. The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company. Moreover the overall success and failure of the banking system depends upon the corporate governance principles and procedures applied in the banks. There are various guidelines which together make up the combine code for the corporate governance policies in the bank. The fact that the corporate governance is different in financial sectors than that of the non-financial sectors is because that the financial firms pose greater risk to the economy than that of the non-financial firms. This study aims to present the corporate governance principles and policies in the banking organisations in UK with special emphasis on the role of the board in these banks. For this purpose the two banks selected as a case study are the Lloyd’s bank and the Co-operative bank. The role and responsibilities of the board and the committees are explored and discussed in this research.

Keywords

corporate governance in banking, the role of the board in financial sectors, the basel committee on banking supervision

Copyright

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

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