Basel Committee publishes revised version of the Corporate Governance Principles for Banks

The Basel Committee on Banking Supervision published the revised principles on Corpotate Governance. This set of principles provides a framework within which banks and supervisors should operate to achieve robust and transparent risk management and decision-making and, in doing so, promote public confidence and uphold the safety and soundness of the banking system. One of the features of the revised version is the emphasis on having effective corporate governance that contributes to the safety and soundness of banks. It also promotes the value of internal control and risk governance systems, and stresses the important role of boards,senior management and committees.

The full text available here