David Gibbons makes some good points here.
Clearly there is a need for regulators to rethink their expectations and requirements for boards as the pendulum has swung way too far. But in doing so, regulators also need to maintain certain principles of sound board governance and oversight to guard against an overcorrection. A principles-based approach that seeks to position boards as watchtowers for their banks while not subjecting directors to overly burdensome restrictions is a worthy goal.
This page was last updated on July 27, 2017.