Mergers, Sell-Offs, and Economic Efficiency

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Language: English

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But the comments from the business leaders in our research also raise important questions about leadership character. Third, the board stops this progression into detail at the point where it is willing to accept any reasonable interpretation of the words thus far used. The crisis therefore demonstrated that one consequence of a bank having weak corporate governance — the framework of rules and practices set by the board to ensure that the bank operates in a safe and sound manner — could be significant losses or even bank failure.

Pages: 290

Publisher: Brookings Institution Press (October 1, 1987)

ISBN: 0815773471

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