Impact of independent directors on functioning of bank board committees

Rymanov A.Y.
Additional contact information
Rymanov A.Y.: Novosibirsk State University of Economics and Management

Russian Journal of Agricultural and Socio-Economic Sciences, 2016, vol. 58, issue 10, 71-76

Abstract: Problems of participation of independent directors in work of committees of the boards of directors (supervisory boards) are considered in relation to the banking sector of the Russian economy. The international experience of participation of independent directors in committees of the boards of directors (supervisory boards) of banks is generalized. Industry recommendations, exchange requirements and criteria of participation of independent directors in functioning of committees of the boards of directors (supervisory boards) are analyzed. In many countries in the banks entering the world ranking of TOP 100 of the largest banks, committees of the boards of directors include independent directors: committees on audit on average 67%, committees on remunerations 58%. National exchange regulation establishes two-level requirements to members of committees of the board of directors with a key role of independent directors. The considered national experience of application testifies to the appropriate procedure of participation of independent directors in the boards of directors.

Keywords: INDEPENDENT DIRECTOR; CORPORATE GOVERNANCE; BOARD COMMITTEE; SUPERVISORY BOARD; BOARD OF DIRECTORS; BANK (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://cyberleninka.ru/article/n/impact-of-indepen ... ank-board-committees

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:scn:031261:16967621

Access Statistics for this article

More articles in Russian Journal of Agricultural and Socio-Economic Sciences from CyberLeninka, Редакция журнала Russian Journal of Agricultural and Socio-Economic Sciences
Bibliographic data for series maintained by CyberLeninka ().