Why do some banks have an effective strategy, while others have to undergo reorganisation? What is the difference between insurance companies that successfully attract strategic partners and build long-term business relations, and those that need to be bailed out or have their license withdrawn? While the reason in each case will vary, it often boils down to the corporate governance employed by the company, and in particular its financial governance.
How do the owner, directors and management work together to utilise corporate governance principles to promote growth and competitiveness of a financial organisation? Do independent directors have any influence on the situation? Is there a way to effectively manage the owners conflicts of interest?