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Introduction to Chapter 23 of Corporate Governance: Governance of Banking Institutions

This chapter documents some little known features of bank governance involving bank boards and describes regulation and laws that are likely to influence bank governance. It also describes how organizational form and activities of banks may influence bank boards and provides some new evidence on these influences. The chapter points out some potential problems with the measurement of CEO compensation and ownership structures in banking. A main conclusion is that applying governance standards developed from the study of nonfinancial firms to banks is unlikely to improve bank governance.