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Much Ado About Nothing?: The Regulation of Multiple Directorship appointments within Financial Institutions in Europe
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2018 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Background:

The Global financial crisis of 2008 shock the financial systems in its core in its aftermath many advocated the increased need of regulation of the banking and financial systems around the globe. Europe was no exception. The European Union Fourth Capital Requirements Directive (CRD IV) issued by the European Commission directly featured to increase the robustness of financial institutions and also regulated the composition of the board of banks and financial institutions.

 

 

Purpose:                 

To investigate how the European Directive 2013/36/EU Article 91 implemented 1 of July 2014 affected multiple Directorship appointments for non-executive directors within the major Credit Groups in Europe. In order to capture a relevant time frame before and after the implementation of the Directive a period of five years will be collected and analysed starting from 2012 and ending 2016.

 

 

Method:

A before-and-after research have been done regarding numbers of appointments that is held by non-executive board members in the largest European credit institutions. Secondary data are collected from corporate governance reports between 2012 and 2016 and descriptive statistics are calculated and analysed by the authors.

 

 

Conclusion:

Despite that the overall Directors appointments have decreased since the implementation of the maximum cap, this study reveals paradoxes surrounding the legislation. Evidence supporting that multiple Directorship actually impact firm performance remains inconclusive.  Moreover, it is likely that institutions fail to report on other Non-Commercial appointments for its Directors. The lack of standardised measures for disclosure as well as the lack of transparency when it comes to infringements questions if the intent of the legislation can be fulfilled.       

Place, publisher, year, edition, pages
2018. , p. 74
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-39527ISRN: JU-IHH-FÖA-2-20180559OAI: oai:DiVA.org:hj-39527DiVA, id: diva2:1210176
Subject / course
IHH, Business Administration
Presentation
2018-05-26, B4043, Jönköping International Business School, Jönköping, 09:45 (English)
Supervisors
Examiners
Available from: 2018-05-31 Created: 2018-05-26 Last updated: 2018-05-31Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
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