David Walker’s report: A review of corporate governance in banks and other financial industry entities is released today.
In the report, significant focus is given to the board construction, training and to the dynamic and unconscious factors that can influence the behaviour of individual members of boards and the behaviour of boards-as-wholes of banks and other financial institutions.
Sir David Walker said:
The fundamental change needed is to make the boardroom a more challenging environment than it has often been in the past. This requires non-executives able to devote sufficient time to the role in order to assess risk and ask tough questions about strategy. Institutional investors should be less passive and prepared to engage earlier if they suspect weaknesses in governance.
In Annex 4 of the Walker report, the TIHR makes the link between understanding the behaviour of board chairs, group dynamics and improving board performance effectiveness.
The Tavistock Institute of Human Relations has researched social policy and delivery and consulted to organisations on their change programmes since its formation in 1947.
For more information on the role of the Tavistock Institute in Board Evaluation, please contact Mannie Sher.