ACCA AND ECODA VOICE CONCERNS THAT BOARD SCRUTINY GUIDANCE CAN BE TOO DETAILED
May 1st, 2017
THE ASSESSMENT of whether boards are effective and if members need to be replaced is never an easy decision, and whether guidance on this process should be detailed or broader in scope can be a hotly debated subject. A taste of such discussions can be seen in the response of the European Confederation of Directors’ Associations (ecoDa) to two closely-linked European Banking Authority (EBA) guidelines on board assessment and internal governance for financial institutions, that will take effect in the European Union in mid-2017. The concern at ecoDa is that they ...
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