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Edward Walker-Arnott

This chapter will deal with the role and composition of boards of banks in five sections. Section 1 will set out the relevant company law. Section 2 will address the relevant principles of corporate governance and their expression in the UK Code of Corporate Governance. Section 3 will cover the regulatory overlay deriving from the Financial Services and Markets Act 2000. Section 4 will assess the various reviews of the banking failures of 2007/8 and what has been learnt that is relevant to the topic. Section 5 will consider what, in the light of the reviews, might or should change in the future.