Board Conduct in Banks

Agarwal, S and Kamath, S and Subramanian, K and Tantri, P L (2021) Board Conduct in Banks. Working Paper. SSRN.

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Abstract

We examine private and confidential minutes of board meetings of a majority of Indian banks, and offer insights into the issues tabled and discussed in bank boards. We find that risk issues account for only 10% of the issues tabled with regulation and compliance accounting for the most (41%) followed by business strategy (31%). Only 18% of the issues are deliberated in detail. Examining the minutes of risk management committee meetings, we find that only 31% of the issues tabled are forward-looking. Using a simple model, we infer that bank boards under-invest in risk and over-invest in regulation and compliance.

Affiliation: Indian School of Business
ISB Creiators:
ISB Creators
ORCiD
Subramanian, K
UNSPECIFIED
Tantri, P L
UNSPECIFIED
Item Type: Monograph (Working Paper)
Uncontrolled Keywords: Banks, Bank Failure, Board of directors, Board minutes, Corporate governance
Subjects: Finance
Depositing User: Gurusrinivasan K
Date Deposited: 09 May 2021 04:02
Last Modified: 17 May 2021 13:44
URI: https://eprints.exchange.isb.edu/id/eprint/1469
Publisher URL: https://dx.doi.org/10.2139/ssrn.3822953
Publisher OA policy: https://dx.doi.org/10.2139/ssrn.3822953
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