Corporate Governance practices have come under increased scrutiny in recent years, as investors, regulators and the general public seek to determine the cause of multiple, high profile failures and search for areas of competitive advantage.

Heightened expectations and an increasingly complex business and regulatory environment have placed additional demands on board members of financial institutions. Policymakers and regulators are focused on changes to corporate governance practices to enhance board transparency, increase director accountability, and give greater voice to shareholders over critical boardroom decisions.